What should be the monopolys profit-maximizing output

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Reference no: EM13218724

CH 12 (10%) Suppose that a monopoly faces inverse market demand function as P = 70?2Q, and its marginal cost function is MC = 40 - Q. Please answer the following two questions:

a. What should be the monopoly's profit-maximizing output?

b. What is the monopoly's price?

Reference no: EM13218724

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