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A monopoly has the following demand function: Q=2500-20P, where Q is qunatity of output sold per month and P is

the price per unit. A firm's short run cost function per month is: STC=500+0.003Q Based on the above information, your are required to calculate each of the following: Marginal Revenue function Marginal Cost function Profit Maximizing price Profit Maximizing outpu Maximum profit

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