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1.Assume a single-price monopoly whose: Demand is P = 100 – 4Q, TC = 50 +...

1.Assume a single-price monopoly whose: Demand is P = 100 – 4Q, TC = 50 + 20q, TR = PQ = 100q – 4Q2.

a.What is the profit maximizing-output for this monopoly?

b.What P does this charge?

c.What is the profit level for this firm?

d.Is this monopoly efficient or not?

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