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12. Maui Macadamia Inc. has a monopoly in the macadamia nut industry. The demand curve, marginal revenue and marginal cost curve for macadamia nuts are
12. Maui Macadamia Inc. has a monopoly in the macadamia nut industry. The demand curve, marginal revenue and marginal cost curve for macadamia nuts are given as follows! P =360-40 MR =360-80 MC =40 At the profit maximizing level of output, what is the level of consumer surplus? (1) (2) 1.200. (3) 2.700. (0) 3.600.. Use the following diagram to answer this question: Dominant Firm Market S. 200 110 Price 40 + MRA MC 20 45 60 06 110 135 200 Quantity In equilibrium, the dominant firm's profit is (1) $8,100. (2) $2,025. (3) $4,050 (0) $3,600
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