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At quantity one (q1) what should the firm do should the firm shut down increase prices what should it do ? at quantity two (Q2)
At quantity one (q1) what should the firm do should the firm shut down increase prices what should it do ?
at quantity two (Q2) what should the firm do should it shut down increase prices ?
Costs and FIGURE Revenue 2. . . . and then the demand 1. The intersection of the curve shows the price marginal-revenue curve Profit Max consistent with this quantity. and the marginal-cost A monopo curve determines the profit-maximizing the quant Monopoly . ........ quantity .. . equals ma price the dema Average total cost will induc . ........ (point B) Demand Marginal cost Marginal revenue Q1 QMAX QuantityStep by Step Solution
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