Question: A perfectly competitive rm with total cost function TC=200+20Q+Q2 and marginal cost inction MC=20+2Q, is competing on a market where the market price is $60.

A perfectly competitive rm with total cost function TC=200+20Q+Q2 and marginal cost inction MC=20+2Q, is competing on a market where the market price is $60. What is the rm's prot, if it chooses to produce optimally? Round your answer to two decimals, if needed. A monopolist with total cost function TC=395+20Q and marginal cost MC=20 is faced with consumers described by the demand function P=246-2Q. What it the prot this monopolist will earn if it chooses its quantity and price optimally? Round your answer to two decimals, if needed

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