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Based on this chartfor afirm; At what output will the firm maximise its profits? What will its total revenue be?If the firm produces Q c
Based on this chartfor afirm;
At what output will the firm maximise its profits? What will its total revenue be?If the firm produces Qc, what area will represent the consumer surplus?Is this firm more likely to be a monopolist or operating in a perfectly competitive industry? State your reason.
Price per unit A of good Marginal cost V B PM W X C Pc Y Demand U Marginal revenue 0 QM Qc QuantityStep by Step Solution
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