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For Questions 3 - 4 use the following information. The next gure shows the graphs of a marginal cost curve, a demand curve, and the

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For Questions 3 - 4 use the following information. The next gure shows the graphs of a marginal cost curve, a demand curve, and the associated marginal revenue curve. A monopolist in this market would maximize its prot by selling Q M units at price PM. $ A MC O QM Q 3. Identify the areas that measure: Consumer Surplus = Total Variable Cost = Producer Surplus = DeadWeight Loss 2 (You can indicate an area by listing the letters at its corners; for example, Revenue = 0PMEQM)

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