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10:14 PM Wed Jul 12 . . 9% 4 P1 C MC = ATC D 07 1 N MR Q Q1 Q2 What is the

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10:14 PM Wed Jul 12 . . 9% 4 P1 C MC = ATC D 07 1 N MR Q Q1 Q2 What is the profit maximizing output and price of the monopoly? Is the firm earning an economic profit? What area(s) (A, B and/or C) denote the economic profit? What area(s) (A, B and/or C) denote the deadweight loss? In addition, why?10:14 PM Wed Jul 12 . . 9% 4

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