Question: Instructions: Write your answers to each question on these sheets. Each (single) correct answer counts 1 point, every incorrect answer counts 0 points. Submit only

Instructions: Write your answers to each question on these sheets. Each (single) correct answer counts 1 point, every incorrect answer counts 0 points. Submit only one answer sheet for each team. 1) A monopolist produces golf balls. Assume that the demand for golf balls is P=100-Q and its MC=10. a) Find the optimal monopoly price and quantity when a unique market price is charged (calculation is required here.)

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