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Harvey's Mineral Springs is a singleprice monopoly. Price (dollars per The table shows the demand home} schedule for Harvey's 14 Mineral Springs (columns 1 and
Harvey's Mineral Springs is a singleprice monopoly. Price (dollars per The table shows the demand home} schedule for Harvey's 14 Mineral Springs (columns 1 and 2) 13 and the firm's total cost schedule 12 (columns 2 and 3). 11 Suppose Harvey's 10 is hit with a conservation tax of $17 9 a El When Harvey's produces its new prot-maximizing output, the number of bottles it produces is D an hour. Harvey's profitmaximizing price is $D a bottle. Harvey's economic profit is $|:|. Quantity (bottles per hour) 0 who); Total cost (dollars per hour) 1 4 9 1 6 25 36
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