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Figure 100 MC 90 80 70 60 PRICE 50 40 30 20 10 MR Demand 10 20 30 40 50 60 70 80 90 100

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Figure 100 MC 90 80 70 60 PRICE 50 40 30 20 10 MR Demand 10 20 30 40 50 60 70 80 90 100 QUANTITY Refer to the figure above. The monopoly outcome will create deadweight loss equal to O a. $225. O b. $450. O C. $0. O d. $112.50.A competitive market faces the following revenues and costs: Quantity Total Revenue Total Cost $3 $7 $5 $14 $9 $21 $15 4 $28 $23 $35 $33 6 $42 $45 $49 $59 Refer to the table above. This firm should increase production as long as the marginal cost of producting is less than O a. $3. O b. $5. O C. $7. O d. $9.Average Total Cost (S) ATGD ATCO ATCA ATCB M N Quantity of Automobiles per day Refer to the figure above. Which of these curves is likely to represent the short-run ATC corresponding to the largest-size factory? O a. ATCA O b. ATCB O C. ATCC O d. ATCD

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