Question: A monopoly's cost function is and its the demand for its product is C = 1 . 5 Q 2 + 2 0 Q p
A monopoly's cost function is
and its the demand for its product is
where is output, is price, and is the total cost of production. Determine the profitmaximizing price and sut for a monopoly.
The profitmaximizing output level is units. Enter a numeric response using an integer.
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