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Considering profit maximization occurs where MR = MC, clearly indicate in the diagram below the profit maximizing production and price of a single-price monopolist (1).
Considering profit maximization occurs where MR = MC, clearly indicate in the diagram below the profit maximizing production and price of a single-price monopolist (1).
Also indicate the monopolist's profit (technically, profit contribution), the consumers' surplus, and deadweight loss (2).
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