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Part 1 (0.3 pt) Q See Hint A monopoly faces an inverse demand function given by P = 100.00 (2.00 x y), where P is the per-unit price and y is the quantity of output sold. Further, the firm has a constant marginal cost of $20.00 per unit produced. Assume the monopolist cannot discriminate and it charges a single price. What is the profit-maximizing level of output? f What is its profit-maximizing price? $ |