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    Monopoly

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    A monopoly market is characterized by the following Market Demand and Market Total Cost.

    Demand: QD = 20.25 â?" 0.5 * P

    Total Cost: TC = 242 + 35*QS â?" 9*QS2 + 0.5*QS3

    Determine the equilibrium price and quantity that will obtain in the long run.

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    https://brainmass.com/economics/general-equilibrium/monopoly-333288

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    since it is a monopoly market, this means that there is only 1 supplier.

    from the previous two questions, we know ...

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    Monopoly

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