Question: Cost function of a monopolist is described by the function TC=Q 2 , the market demand function Q (P) = 1500-P: a) Find the parameters

Cost function of a monopolist is described by the function TC=Q², the market demand function Q (P) = 1500-P: a) Find the parameters of the equilibrium of the monopoly: optimal price and quantity, the profit of the monopoly.; b) Determine the amount of net losses to society from market monopolization

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