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What is the profit maximizing solution

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Reference no: EM132160343

The inverse demand curve a monopoly faces is

p= 130-Q

The firms cost curve is

C(Q)= 20+ 5Q

What is the profit maximizing solution?

The profit maximization quantity is ______

The profit maximizing price is _______

What is the firms economic profit?

the firm earns a profit of ______

Round your answer to two decimal places.

 

 

Reference no: EM132160343

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