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Consider the market for aluminum. There is only one seller in the market for aluminum. Use the given information to answer questions 23- 28. Price
Consider the market for aluminum. There is only one seller in the market for aluminum. Use the given information to answer questions 23- 28. Price $110 $70 $25 ATC MC $20 MR 400 600 800 850 QuantityExplain why the market for aluminum can be dominated by one firm. Edit View Insert Format Tools Table 20px v Paragraph v I UAVQTD Question 25 2 pts The firm maximizes profit, how much is the quantity of output? D Question 26 2 pts How much is the maximized profit? Answer: The maximized profit = $_D Question 27 2 pts Suppose the firm maximizes profit. Calculate the CS. (Don't forget to multiply 0.5 for calculating the area of a triangle) Answer: The CS = $ D Question 28 2 pts Suppose the government regulates the firm such that the firm makes a zero profit. Find the quantity of output sold by the firm
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