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Expected profit-maximizing quantity

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A risk-neutral monopoly must set output before it knows the market price. There is a 40 percent chance the firm's demand curve will be P = 40 - 2Q and a 60 percent chance it will be P = 80 - 2Q. The marginal cost of the firm is MC = 4. The expected profit-maximizing quantity is

Reference no: EM133079111

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