Solve for the monopoly's profit maximization problem.   p = 200 -(1/2)p +2sqrt(s)   c(q) = 3q^2   profit= pq -C(q) - s   What q, p, s will be chosen by the firm?

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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.