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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

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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.

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