Question: Consider a monopolist with a cost function given by: c(Q) = 100+ 50+ Q facing a market demand function given by: QD(P) 500-4P Solve

Consider a monopolist with a cost function given by: c(Q) = 100+ 50+ Q facing a market demand function given by: QD(P) 500-4P Solve for the monopolist's profit-maximizing quantity sold, profit-maximizing price, and their profits.

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