Suppose there are two classes of buyers in a market served by a monopolist. At this point the two classes are lumped together and the monopolist is currently producing the profit maximizing quantity based upon being a single price monopolist. Suppose that the monopolist perceives that its relevant market demand curve is given by the equation P = (40/3) –(2/3)Q and its MC = ATC = 4.Suppose this monopolist acts as a single price monopolist. Calculate the monopolist’s price, quantity, and profit given the above information.

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