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Exhibit 9.4 $100 90 TC 80 70 60 50 40 30 20 10 TR 0 1 2 3 4 5 6 7 8 9 Q/t

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Exhibit 9.4 $100 90 TC 80 70 60 50 40 30 20 10 TR 0 1 2 3 4 5 6 7 8 9 Q/t Refer to Exhibit 9.4, which shows the total cost and total revenue curves for a monopolist. The profit-maximizing price charged by the monopolist is a. $70.00. O b. $40.00. c. $20.00. d. $23.33. e. $80.00

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