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d producers will increase output. Question 69 (5 points) Suppose the demand curve is P = 500 - 5Q, there is no fixed cost, and

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d producers will increase output. Question 69 (5 points) Suppose the demand curve is P = 500 - 5Q, there is no fixed cost, and there is a constant marginal cost of $50 per unit. The equilibrium quantity for a monopoly is units. The equilibrium price for a monopoly is . The total revenue for the monopoly is The total cost for the monopoly is The economic profit for the monopoly is Blank 1: Blank 2: Blank 3: Blank 4: Blank 5

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