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8. Suppose the firm in the figure below sets a uniform price for its product. Ll. 60 50 40 30 MC =AC Price and cost

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8. Suppose the firm in the figure below sets a uniform price for its product. Ll. 60 50 40 30 MC =AC Price and cost (dollars) 20 10 0 1,000 2,000 3,000 4,000 Quantity If the firm chooses to set a uniform price for its product, then the profit- maximizing price is $ and units will be sold. Under this uniform pricing policy, the maximum possible profit is $ The maximum profit the firm could earn if the firm sells 2,000 units and is able to charge the demand price for every one of the 2,000 units it sells is $ For the number of units sold in part a, the consumer surplus that could be captured if it were possible to charge the demand price on every one of those units would amount to $ For the additional number of units sold by expanding output to 2,000 units (from the output level in part a), the consumer surplus that could be captured if it were possible to charge the demand price on every one of those units would amount to $

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