INTERMEDIATE MICRO-ECONOMICS
A monopolist faces inverse demand P = 300 – 6Q and has total cost TC = 120Q + 3Q2 and marginal cost MC = 120 + 6Q. What is the maximum profit the monopolist can earn in this market? Please clearly explain your answer. Using mathematical calculations, CLEARLY show how you derived the answer. Do NOT forget to include the economic reasoning behind the mathematics.
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