# A monopolist faces the price equation P = 1,000 – 0.5Q, and cost is given as TC = 400 +

###### Question:

A monopolist faces the price equation P = 1,000 – 0.5Q, and cost is given as TC = 400 + 100Q +2.5Q^2.Determine the profit at the revenue maximizing level and the profit maximizing level. Compare the answers above and comment on the appropriate goal of the firm.

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