1. A monopoly sells to a market with demand D (p) C(q) = q. (a) (b) = 100 p² and has a cost Find the inverse demand curve, profit maximizing quantity and profit. If the market was competitive, what price would be charged?

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Q: Hand written solutions and AI solutions are strictly prohibited

A: The objective of the question is to create a mathematical model that represents the relationship…

Q: DEPENDENT VARIABLE Qc R- SQUARE P- VALUE ON F     64 0.8093 0.0001             INDEPENDENT VARIABLE…

A: Given, Q = f( P, M, PR)  Intercept = 8.20 Parameter estimate of  PC =-3.54 M = 0.64287 PA = 0.7854

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A: Difference in sales can be calculated by using the following formula: