The inverse demand curve a monopoly faces is p equals 120 minus Upper Qp=120−Q. The​ firm's…

The inverse demand curve a monopoly faces is

Place Order

p equals 120 minus Upper Qp=120−Q.

The​ firm’s cost curve is

Upper C left parenthesis Upper Q right parenthesis equals 40
plus 5 Upper QC(Q)=40+5Q.

What is the​ profit-maximizing solution?

The​ profit-maximizing quantity is

​(Round your answer to two decimal​ places.)

The​ profit-maximizing price is

​(round your answer to two decimal​ places.)

What is the​ firm’s economic​ profit?

The firm earns a profit of

​(round your answer to two decimal​ places.)