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Monosoft enjoys a monopoly in the production of a specific software package. The (inverse) market demand for this software is given by P(Q) = 200 - Q, Monosoft's total cost is given by TC(Q) = 1,500 + 20Q, and their marginal cost is given by MC(Q) = 20.
What is Monosoft's profit?
How much deadweight loss is caused by this monopoly?
What is Monosoft's profit maximizing price?
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