(Answered) A monopolist faces the price equation p 1000

Economics

A monopolist faces the price equation P = 1,000 - 0.5Q, and cost is given as: TC = 400 + 100Q + 2.5Q^2.

1. Determine the profit at the revenue maximizing level and the profit maximizing level.

2. compare the answers above and comment on the appropriate goal of the firm.

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Macroeconomics, Economics

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