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A monopoly firm having following cost and revenue curves for the prices of 0,10,20,30,40,45,0 MC =...

  1. A monopoly firm having following cost and revenue curves for the prices of 0,10,20,30,40,45,0

MC = 1 + 2Q

AC=10+ 6 / Q

Q = 100 - 2P

MR= 50-Q

Graph all the curves on the same axis and find the optimal level of output and prices. Calculate the profit or loss of the firm.

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