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Monopolist profit-maximizing quantity

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A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/10,000. The marginal cost is constant and equal to 0.30. The fixed cost is 3,000. Variable cost is 0.30Q. Find the monopolist's profit-maximizing quantity.

(Format: answers must be within 2 of the true value to be counted as correct. Do not include commas or plus signs.)

Reference no: EM131045952

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