Question: PLEASE PLEASE PLEASE HELP WITHIN 30 MINS. THANK YOU A BUNCH Consider a monopolist who only faces fixed costs in their production. Suppose the market

PLEASE PLEASE PLEASE HELP WITHIN 30 MINS. THANK YOU A BUNCH

Consider a monopolist who only faces fixed costs in their production. Suppose the market demand curve for the good the monopolist sells is described by Q = 50 - 25P (or P = 2 - 0.04Q). What is the profit maximizing price for this monopolist?

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