Assume that a monopolist sells a product with a total cost function: TC = 1200+0.5Q2. The market demand curve is given by the equation: Q=300-P For what range of output will the firm's revenue be increasing?  For this monopolist, the profit-maximizing price is _________, at which it will sell __________ units of output. At this price, the monopoly will earn profit equal to ____________ . If this market were supplied by many firms with the same cost function, how much would be produced? _____________ At what price would it be sold?

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Q: None

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A: Referenceshttps://www.investopedia.com/terms/m/monopoly.asphttps://www.investopedia.com/terms/m/marg…

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