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At 50 units of output, how much would this profit-maximizing monopolist charge? How many units will it produce to maximize total profit? What would be
- At 50 units of output, how much would this profit-maximizing monopolist charge?
- How many units will it produce to maximize total profit?
- What would be the socially optimal output price as set by market demand?
- Calculate the firm's total revenue at the profit-maximizing price and output.
- If government regulation required that this firm produce 60 units, would it still earn profit? Explain.
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
