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Class Activity: Monopolistic Production . A monopolist faces the following demand and cost schedule. How much should the firm produce? How much profit will it

Class Activity: Monopolistic Production . A monopolist faces the following demand and cost schedule. How much should the firm produce? How much profit will it earn? Price Quantity TR TC MR MC Profit $10 1 $2 $8 2 $4 $6 3 $6 $4 4 $8 $2 $10

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