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Question 11 The figure below shows demand, marginal revenue, and short-run cost curves for a monopoly: SMC 90 ATC 80 AVC Price ( dollars) 60

Question 11

The figure below shows demand, marginal revenue, and short-run cost curves for a monopoly:

SMC 90 ATC 80 AVC Price ( dollars) 60 40 20 D 0 1,000 2,000 3,000 4,000 5,000 6,000 Quantity MR

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