Question: Microeconomics, Image Attached QUESTION 2 Snow Security Services is a monopolist in the market for freeze-resistant wall-top security cameras. The firm has fixed costs of

Microeconomics, Image Attached

QUESTION 2 Snow Security Services is a monopolist in the market for freeze-resistant wall-top security cameras. The firm has fixed costs of 20 and a constant marginal cost of 5 at all levels of output. The demand function for the market is given by D(p) = 12.5 - 0.25p. (a) Rewrite demand as the inverse demand function. (b) Set up the monopolist's problem and solve for the optimal price and quantity. (c) Calculate the maximized profit for Snow Security Services

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