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Exhibit 9.16 Dollars per unit Long-run average cost - Marginal cost D - Marginal revenue Quantity per period Refer to Exhibit 9.16, which shows the

Exhibit 9.16 Dollars per unit Long-run average cost - Marginal cost D - Marginal revenue Quantity per period Refer to Exhibit 9.16, which shows the cost and revenue curves faced by a monopolist. The consumer surplus is O a, a, b, zero. ce O d, area aec. O e , C

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