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Find the profit maximizing level of output and price

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Reference no: EM13877204

Assume the market demand for a good is
Q = 2500 - 20 P0.8

This good is produced by a monopolist with the following cost function

TC = 3 Q- 12Q2+ 210Q + 5000

Find the profit maximizing level of output and price.

Reference no: EM13877204

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