Question: Monopoly problem. (30 points) Consider a market structure where there is only one refined cobalt cube producer. This firm acts as a profit-maximizing monopolist. Assume

Monopoly problem. (30 points) Consider a market structure where there is only one refined cobalt cube producer. This firm acts as a profit-maximizing monopolist. Assume that the monopolist's marginal cost curve is = . , where is measured in thousands of cubes. Market demand for cobalt cubes is () = . . The monopolist's marginal revenue is = . At this output level, what is the monopolist's producer surplu

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