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Calculating the monopolists profit

Problem:

Demand Curve and Profit

Suppose the demand curve for a monopolist is QD = 500 - P, and the marginal revenue function is MR = 500 - 2Q. The monopolist has a constant marginal and average total of $50 per unit.

Calculate the monopolist 's profit.

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Mathematics: Calculating the monopolists profit

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Mathematics: Calculating the monopolists profit

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