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P1 MC P2 P3 C B P4 D AR 0 Q1 22 Quantity MR AR: Average revenue curve MR: Marginal revenue curve MC: Marginal cost

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P1 MC P2 P3 C B P4 D AR 0 Q1 22 Quantity MR AR: Average revenue curve MR: Marginal revenue curve MC: Marginal cost curve According to Figure 11.8, the profit maximizing price of the monopolist is: P1. P2. 0. P3. PA

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