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Figure: PPV Figure 13-6 is labeled figure p p v. On the y-axis, we have price, costs, and marginal revenue being shown, and it starts
Figure: PPV Figure 13-6 is labeled figure p p v. On the y-axis, we have price, costs, and marginal revenue being shown, and it starts at 0 and moves up to $100 in increments of 10. On the x-axis is quantity or number of subscriptions, which goes from zero to nine by intervals of one. The marginal revenue curve starts at a point on the y-xis of $100, and it's starting at the x-axis at a point of 0. And continues down to $10 on the y-axis, and a quantity number of subscriptions of 5 on the x-axis. The demand curve starts at the same point on the y-axis, at $100, and a quantity number of subscriptions 0 and it goes down to $10 on the y-axis and just beyond 9 on the x-axis. Reference: Ref 13-6 Figure: PPV (Figure: PPV) Use Figure: PPV. The figure shows the demand and marginal revenue for a pay-per-view football game on cable TV. Assume that the marginal cost and average cost are a constant $20. If the cable company is a monopoly, how much producer surplus is there when the monopolist maximizes profit
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