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Suppose a monopolist faces consumer demand given by P=400-2Q with a constant marginal cost of $80 per unit (where marginal cost equals average total...
Suppose a monopolist faces consumer demand given by P=400-2Q with a constant marginal cost of $80 per unit (where marginal cost equals average total cost. assume the firm has no fixed costs).
If the monopoly can only charge a single price, then it will earn profits of____?