Ch-14. MONO POly PROBLEMS 14.1 A monopolist can produce at constant average and marginal costs of AC = MC = 5. The firm faces a market demand curve given by Q= 53 -P. a. Calculate the profit-maximizing pricę-quantity combination for the monopolist. Also calculate the monopolist's profits. What outnut lovol would be produced by this industry under nerfect competition (where price= 3.

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