How many units do they sell

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The (monopolist) producer of good X has a patent of the good. The government has not regulated the sale of good X. Demand for good X can be described by P= 800 - 5Q. There is a fixed cost of $9360. The marginal cost of production is $2 per unit

How many units do they sell?

What price do they charge?

What is the average cost per unit?

What is their total profit?

Reference no: EM132021534

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