Question: In a given market the inverse demand function is P = 170 - Q per year. The interest rate is r = 0.05 and the

In a given market the inverse demand function isP = 170 - Qper year. The interest rate is r = 0.05 and the cost structure of a firm is given byC(q) = 80 q.

Assume the market is monopolized and answer the following:

The per year monopoly profit for the firm*is:

Group of answer choices

1875

1600

2025

2550

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