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Consider the following demand and cost information for a monopoly Quantity Price Total Cost $30 $3 $25 $7 $20 $12 3 $15 $18 4

Consider the following demand and cost information for a monopoly Quantity Price Total Cost $30 $3 $25 $7 $20 $12 3 $15 $18 4 $10 $25 To maximize profit, the monopolist sets price at $15. $20. $25.

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