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What is the monopolist profit maximizing level of output

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Reference no: EM13335470

4. Suppose a monopolist faces the following demand curve:

P = 596 – 6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs.

a) What is the monopolist’s profit maximizing level of output?

b) What price will the profit maximizing monopolist produce?

Reference no: EM13335470

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