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{"ops":[{"insert":"\nA monopolist operates under two plants, 1 and 2. The marginal costs of the two plants\u00a0\nare given by\u00a0\n MC1 = 20 + 2Q1 and MC2 = 10 + 5Q2\nwhere Q1 and Q2 represent units of output produced by plant 1 and 2 respectively. If the\u00a0\nprice of this product is given by 20 \u2013 3(Q1 + Q2), how much should the firm plan to\u00a0\nproduce in each plant, and at what price should it plan to sell the product?\n\n\n\n\n"}]}
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