1.5 For the monopoly in Figure 9.3, at what quantity is its revenue maximized? (Hint: At the...

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1.5 For the monopoly in Figure 9.3, at what quantity is its revenue maximized? (Hint: At the quantity where the revenue function reaches its peak, the slope of the revenue function is zero. That is, MR = 0.) Why is revenue maximized at a larger quantity than profit? Modify panel b of Figure 9.3 to show the revenue curve.

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