Question: Suppose a monopolist controls the industry described in Problem S2 of Chapter 7. The industry demand curve remains: P = 160 2Q. In addition,

Suppose a monopolist controls the industry described in Problem S2 of Chapter 7. The industry demand curve remains: P = 160 − 2Q. In addition, total production costs are unchanged: C = 800 + 40Q + .5Q2. Create the requisite spreadsheet and use the spreadsheet's optimizer to determine the monopolist's profit-maximizing output?

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