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Per Unit Costs Cost per Unit l$l Q1 02 03 Output Quantity A) What is the profitmaximizing price and level of output for the monopolist?

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Per Unit Costs Cost per Unit l$l Q1 02 03 Output Quantity A) What is the profitmaximizing price and level of output for the monopolist? (2 marks) B) What area in the figure shows the level of profits for the monopolist? Are profits positive or negative? (2 marks)

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