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QUESTIUN 8 10 points Save Answer A monopolist with total cost function C=500+2Q - faces a market demand function of Q=600-2P.

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Total cosĥ C-500+ 2Q2 Marginal cost = 40 0 = 600-2P x Pro+600 Marginal Revenue - MR = 600-20 AMR=300-Q, The monopoly Conditiohigh price will lead to increase the profit due to increase the margin between cost and revenue.

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