Find out the profit-maximizing quantity of the product

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Reference no: EM1360468

Suppose that a monopolistic company faces the consumer demand curve given by P= 10 - q/500. The marginal cost, MC, of producing this product is $2. There are fixed cost, F, = $100. So, the cost curve for the firm given by C = 100 + 2q. Find out the profit-maximizing quantity of the product. Show work.

Reference no: EM1360468

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