A monopolist has demand and cost curves given by:                         QD = 1000 - 2P                            TC = 5,000 + 50Q   Find the monopolist's profit-maximizing quantity and price. Find the monopolist's profit.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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A monopolist has demand and cost curves given by:

                        QD = 1000 - 2P                            TC = 5,000 + 50Q

 

  1. Find the monopolist's profit-maximizing quantity and price.
  2. Find the monopolist's profit.
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