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a) A monopoly faces a demand curve given by P = 2,500 - 0.5Q and has...

a) A monopoly faces a demand curve given by P = 2,500 - 0.5Q and has marginal cost constant at $900. What is the profit-maximizing output level?

b) A monopoly faces a demand curve given by P = 2,500 - 0.5Q and has marginal cost constant at $1,000. What is the profit-maximizing price?

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