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Consider a monopolist with demand equation P = 5 - 0.2Q and marginal cost curve MC = 0.6Q. The Fixed cost = $2. (a) Draw

Consider a monopolist with demand equation P = 5 - 0.2Q and marginal cost curve MC = 0.6Q. The Fixed cost = $2.

(a) Draw a graph to show the demand and marginal cost curves.

(b) Derive the marginal revenue curve and show it on the graph

(d) Calculate the profit

(e) Calculate the consumer surplus.

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