Discuss what is the monopolists profit-maximizing quantity, Microeconomics

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Discuss what is the monopolists profit-maximizing quantity

Problem

A monopoly has costs described by TC(Q)=6000+8Q. Demand is described by P=60-0.1Q. What is the monopolist's profit-maximizing quantity (Q)?

A monopoly has costs described by TC(Q)=6000+8Q. Demand is described by P=60-0.1Q. What is the monopolist's profit-maximizing price (P)?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Discuss what is the monopolists profit-maximizing quantity

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