A monopolist faces the following market demand equation and total cost equation: C = 4Q Demand: QD = 24p-1 Total cost: a. Find the TR, MR, MC, and profit (n) equations. GRAPH the demand curve, MR, and MC. 0 2 4 6 8 10 12 14 16 TR = MR = MC = П= 18 20 Q b. Is there a profit-maximizing solution? What is the limit of profit as Q approaches zero? Explain.

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