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23-11-2019
Business

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Maui Macadamia Inc. has a monopoly in the macadamia nut industry. The demand curve, marginal revenue, total cost, and marginal cost curve for macadamia nuts are given as follows: P = 360 - 4Q MR = 360 - 8Q TC = 2Q^2 MC = 4Q
What is the maximum amount that Maui Macadamia would be willing to spend in order to maintain its monopoly through rent-seeking?

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23-11-2019

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