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Suppose we have a market demand Q = 18 – P and a cost c(Q)=1/2Q2 a

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Suppose we have a market demand Q = 18 – P and a cost c(Q)=1/2Q2

a. What is the inverse demand?

b. What is the competitive equilibrium market quantity and price?

C. If the market had a monopoly, what is the equilibrium quantity and price? Set up the profit maximization and show all steps.

d. What is the mark up?