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    In monopoly with Marginal Cost of $8 per unit, zero fixed cost, inverse demand function of P=38-Q what would be the profits in equilibrium: $345, $225, or $120. Please show how this was solved.

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    https://brainmass.com/economics/general-equilibrium/profit-equilibrium-in-monopoly-149458

    Solution Summary

    Profit is determined. The equilibrium in monopoly for inverse demand functions are examined. The profits in the equilibriums are provided.

    $2.19