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Q3 Consider the following data regarding a monopoly firm and answer the questions given below it. 15 marks Quantity 4 6 8 10 12 14

Q3 Consider the following data regarding amonopoly firmand answer the questions given below it. 15 marks

Quantity

4

6

8

10

12

14

AR

174

156

138

120

102

84

MR

156

120

84

48

12

24

AC

180

140

126

120

117

115.72

MC

72

60

84

96

102

108

a) What will be the price, output and profit/loss for aregulated monopolistthat sets price according toMarginal Cost Pricing control system?

Price = Output = TR = TC =

Total Profit/loss = Profit/loss per unit =

b)What will be the price, output and profit/loss for aregulated monopolistthat sets price according toFair Return Pricing control system?

Price = Output = TR = TC =

Result:

c)What will be the level of price, output and amount of profit/loss for anunregulated monopolist?

Price = Output = TR = TC =

Total Profit/loss = Profit/loss per unit =

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