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A semiconductor company has a monopoly in the market. The marginal cost of producing an extra semiconductor is $20 and the average total cost at
A semiconductor company has a monopoly in the market. The marginal cost of producing an extra semiconductor is $20 and the average total cost at current production levels is $30. If the company is maximizing its profits then its marginal revenue on an additional unit would be
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
