Monopolist faces market demand curve

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A monopolist faces a market demand curve given by: Q = 70 – P. This monopolist perfectly price discriminates among its customers. If the monopolist can produce at constant average and marginal costs of AC = MC = 6, the monopolist’s profits are equal to what number? (Write your answer in number format, with 2 decimal places of precision level; do not write your answer as a fraction). Show all steps.

Reference no: EM131097173

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