Suppose a monopolist produces an identical products in two plants and faces inverse demand as follows: P1: 80-5Q1-2Q2

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answerhappygod
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Suppose a monopolist produces an identical products in two plants and faces inverse demand as follows: P1: 80-5Q1-2Q2

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Suppose a monopolist produces an identical products in two plants and faces inverse demand as follows:
P1: 80-5Q1-2Q2
P2:50-Q1-3Q2
The output from two plants is produced at costs
TC=30Q1"2+Q1Q2+2Q2"2
Determine the levels of output maximize the firm's profit?
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