Consider a monopoly firm which has T=1000+40Q+0.1 Q² MC=40+0.2 Q and demand is P=240-0.15Q so MR =240-0.30Q a)find the monopoly outcome (Q,price and profit). b)find the competative outcome (Q,price and profit) c)Now continue to assume competative pricing is forced in the firm ,and presume the monopoly can make copies of its factory .find Qmes and ACmin .the market quantity and finally revenue and CS.

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