Consider a monopolist with the following demand curve Price 24, 22, 20, 18, 16, 14, 12, 10, 8, 6 Quantity Demanded 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 If this firm has a marginal cost of $8 per unit, how many will they produce What price will they charge What will their profit be What will consumer surplus be What is the efficient quantity What will the dead weight loss be

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Consider a monopolist with the following demand curve. Price: 24, 22, 20, 18, 16, 14, 12, 10, 8, 6 Quantity Demanded: 1, 2, 3, 4,

Consider a monopolist with the following demand curve.

Price: 24, 22, 20, 18, 16, 14, 12, 10, 8, 6

Quantity Demanded: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10

If this firm has a marginal cost of $8 per unit, how many will they produce?
What price will they charge?
What will their profit be?
What will consumer surplus be?
What is the efficient quantity?
What will the dead weight loss be?

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