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Please fill out the blank. Laundry Central is asingle-price monopoly. Columns 1 and 2 of the table set out the market demandschedule, and columns 2
Please fill out the blank.
Laundry Central is asingle-price monopoly. Columns 1 and 2 of the table set out the market demandschedule, and columns 2 and 3 set out the total cost schedule.
If Laundry Central sets its output and price to maximizeprofit, its profit maximizing price is _____ ?
At itsprofit-maximizing level ofoutput, its marginal revenue is $ ____ ?
The maximum economic profit Landry Central can earn is $____? per day
Price quantity Total cost
334 0 100
314 1 174
294 2 288
274 3 442
254 4 636
234 5 870
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