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What is the profit-maximizing output and price for firm

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Cost functions and market structures

Problem 1: You are the manager of a monopoly that faces a demand curve described by P = 230 - 20Q. Your total costs are TC = 5 + 30Q. What is the profit-maximizing output and price for your firm? What is the monopolist's profit (at the profit-maximizing level of output and price)?

Reference no: EM132967985

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