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Profit-maximizing price and quantity

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Reference no: EM131735885

The market demand and marginal cost functions for a product sold by a monopolist are given below:

Demand: QD = 100 - 2P

Marginal Cost: MC = 1.5Q

Based on this information, calculate the profit-maximizing price and quantity and the revenue maximizing price and quantity:

Reference no: EM131735885

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