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A monopolist faces the following demand curve: Quantity Price 1 $15 2 $12 3 $9 4 $6 5 $3 Suppose the monopolist has total fixed
A monopolist faces the following demand curve:
Quantity | Price |
1 | $15 |
2 | $12 |
3 | $9 |
4 | $6 |
5 | $3 |
Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all units produced. What is the total profit if she operates at her profit-maximizing price?
$11
$7
$1
$9
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