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An unregulated natural monopoly cans Mt. Mckinley air, a unique clean air that has no substitutes. The monopoly's total fixed cost is $15,000 and its
An unregulated natural monopoly cans Mt. Mckinley air, a unique clean air that has no substitutes. The monopoly's total fixed cost is $15,000 and its Price and cost (cents per can) marginal cost is 10 cents a can. 60- Q The graph illustrates the demand curve for the product. 50- 40- Draw the marginal revenue curve. Label it. Draw the marginal cost curve. Label it. Draw a point at the monopoly's profit-maximizing quantity and price. 20 MC 10 The monopoly sells |cans a year and the price is cents a can. >>> Remember that the quantity given on the x-axis is in thousands of cans. 20 D 0- 10 20 30 40 50 Quantity (thousands of cans per year) >>> Draw only the objects specified in the
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