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i just need the answers with no explanations. 9. What are the relative values of price, ATC, and AVC when a monopolist experiences: a) a
i just need the answers with no explanations. 9. What are the relative values of price, ATC, and AVC when a monopolist experiences: a) a profit : In the case of a monopolist experiencing a profit, the price received based on the quantity supplied is ( greater. less) than ATC, which is greater than AVC. b) a loss but continues to produce : In the case of experiencing a loss while maintaining production, price is (below, above) ATC but (below, above) AVC, meaning that the monopolist is suffering a loss but it is less than it would suffer if it completely halted production. c) a loss but ceases production : In the case of experiencing a loss and halt of production, price is ( below, above) both ATC and AVC, meaning that the monopolist loses more if it continues to produce than if it stops producing
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