(Answered) A market with q 16p-2 is supplied by a monopoly with cost

Economics

A market with Q = 16*p^-2 is supplied by a monopoly with cost C(Q) = 6 + Q^2/8. Calculate the equilibrium price, output and monopoly profits. What should be the equilibrium if the market were supplied competitively by firms, and each individual firm had the same costs?

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