A local cable monopolist has demand and cost curves

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Reference no: EM13804860

A local cable monopolist has demand and cost curves given by:

QD = 1000 - 2P

TC = 5,000 + 50Q

  1. Find the cable monopolist's profit-maximizing quantity and price.
  1. Find the cable monopolist's resulting profit 

 

 

Reference no: EM13804860

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