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[Solved] Suppose that the monopolist operates with total costs of TC=cQ 2 and faces the following inverse demand function P=Q - alpha. What are the first

Question: Suppose that the monopolist operates with total costs of TC=cQ 2 and faces the following inverse demand function P=Q - alpha.

  1. What are the first and second order conditions for a profit maximum? When does the second order condition hold?
  2. Solve for the profit maximizing levels of output and price. How do output and price change c increases?

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