A monopoly faces the following TR and TC schedules: TR = 300g – 2q² TC = 12q - 44q + 60q + 30 What output should it sell to maximize profit?

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A: Utility: - Utility is the satisfaction derived by any consumer by consuming a good or service.

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A:

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A: Answer -  

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Monopoly Market

When a company and its products dominate a sector or an industry, it is termed a monopoly. When a firm and its products control a market, then it is called a monopoly.