Use the following information to determine the optimal decisions. Inverse Demand: P = 115 - 0.05Q MR = 115 - 0.1Q TC = 300 + 3Q + 0.2Q2 MC = 3 + 0.4Q Acting like a monopoly what profit would the Pendleton P.A.C make for each show?

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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.