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Find the monopolist profit-maximizing quantity and price

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Reference no: EM131415741

A Monopolist has demand and cost curves given by:

QD = 1000 - 2P

TC = 5000 + 50Q

a. Find the monopolist's profit-maximizing quantity and price.

b. Find the monopolist's profit.

Please give clear answers, thank you.

Reference no: EM131415741

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