Determining monopoly price-profit-maximizing output

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Reference no: EM1370504

Assume that the monopoly faces the inverse market demand function:

P = 100-2Q

and its marginal cost function is:

MC = 40 - 2Q.

a. What should be the monopoly's profit-maximizing output?

b. What is the monopoly's price?

Reference no: EM1370504

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