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Imagine an industry in which the demand function is P = 3250 – 8Q, and there...

Imagine an industry in which the demand function is P = 3250 – 8Q, and there is only one firm, a single-price monopoly with a total cost function of C = 2.5Q2 + 5Q + 2300. What will that firm’s equilibrium quantity (QM) be?

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Ans.The single price monopoly firm's equilibrium quantity will be 154.52 units.

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