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help 10) (3 points) Suppose a firm has a patent on a special process to make a unique smoked salmon. The following table provides information

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10) (3 points) Suppose a firm has a patent on a special process to make a unique smoked salmon. The following table provides information about the demand facing this firm for this unique product. Pounds of Price ($) Total Revenue (P x Q) Marginal Marginal Cost Salmon Revenue 0 22.5 20 2 17.5 w 15 4 12.5 U 10 6 7.5 5 a. Complete the table above. b. In a graph, plot the Demand and Marginal Revenue Curve, with price as the y-axis and quantity as the x-axis. c. Suppose that there are no fixed costs and that the marginal cost of production of smoked salmon is constant at $5 per pound. (Thus, the average total cost is also constant at $5 per pound.) What is the quantity and price chosen by the monopolist? What is the profit earned by the monopolist? Show your solution on the graph you created in part (b) above

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