Question: Consider a monopolist who faces the following demand function P = 100 - 2Q. The firm's cost function is given by C(Q) = 10 +

Consider a monopolist who faces the following demand function

P = 100 - 2Q.

The firm's cost function is given by

C(Q) = 10 + 2Q

What are the profit maximizing output and price?

What is the profit at this point?

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