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calculate the consumer surplus Now assume your graph represents the marginal cost and demand curves for a monopolist. 0 20 40 60 80 Quantity Illustrate

calculate the consumer surplus

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Now assume your graph represents the marginal cost and demand curves for a monopolist. 0 20 40 60 80 Quantity Illustrate the marginal revenue curve and equilibrium price and output levels. C... 1.) Using the line drawing tool, illustrate the marginal revenue curve that would exist if this were a 20- monopoly producer. Label your curve 'MR.' 18- 2.) Using the point drawing tool, place a point at the output and price combination that would exist if 16- the monopoly produced at its profit-maximizing level. 14- Carefully follow the instructions above and only draw the required objects. 12- 142......V.......... Price 10- Consumer surplus is . (Round your response to two decimal places.) MC MR 20 40 60 80 100 120 140 160 180 200 Quantity

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