Question: Suppose a monopolist faces a linear demand curve given by the equation P = 100 - 2Q, where P is the market price and Q

Suppose a monopolist faces a linear demand curve given by the equation P = 100 - 2Q, where P is the market price and Q is the quantity of output sold. The monopolist has a constant marginal cost of production of $20 per unit. Calculate the monopolist's profit-maximizing quantity of output, the monopolist's price, total revenue, total cost, and profit.

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