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A monopolist has a demand function that is described by Qd = 100 - P. The monopolist's cost function is simply described by TC = 10 + 2Q. Therefore MC is constant at 2. The marginal revenue function for the monopolist is 100 - 2P. What is the profit-maximizing price and quantity for the monopolist? What is the profit that the monopolist earns at this output level?
Discrimination
Unfair treatment of individuals based on their race, age, gender, or other attributes, rather than on individual merit.
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