Find the profit maximizing price and quantity of monopolist

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Reference no: EM13238530

A monopolist's Demand, MR and MC curves are as follows:

Demand: P=56-.25 Q
MR: MR = 56-.5 Q
MC: MC = $30

a. Find the profit maximizing price and quantity.

b. Assume that ATC = $35 at the profit maximizing quantity. Calculate the monopolist's total profit.

Reference no: EM13238530

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