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Question: orstops inc dd is a monopolist in the doorstop industry...

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orstops, INC. (DD) is a monopolist in the doorstop industry. ts total cost function the quadratic function of output C(Q) -100-5Q+ Q?. The inverse demand for doorstops Pl) is given by the linear function P/Q) 55-2Q. Note that the marginal C) is not constant. (Also, it happens to be negative for 0s Q <2.5.) ft-maximizing problem for DD, and determine its optimal rate of output (a) Write down the for С (b) Find the profit-maximizing price set by DD, PM and its marginal cost at the output level Q From these two pieces of information, can you compute the elasticity of demand at that same vel of output?
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