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(Solved): 1. Suppose a monopoly firm has a demand function for its product of \( Q_{D}=300-P \) and a LRTC f ...



1. Suppose a monopoly firm has a demand function for its product of \( Q_{D}=300-P \) and a LRTC function of \( T C=0.5 Q^{2}

1. Suppose a monopoly firm has a demand function for its product of \( Q_{D}=300-P \) and a LRTC function of \( T C=0.5 Q^{2} \) Calculate this firm's optimal output level, the optimal price to charge, and its profit.


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