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Question 12: Refer to the accompanying figure to answer parts a-f. The figure depicts the market for a word processor, called Sentence Perfect, owned and

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Question 12: Refer to the accompanying figure to answer parts a-f. The figure depicts the market for a word processor, called Sentence Perfect, owned and produced only by Macrohard Inc. This type of product has a very high fixed cost, but a very low and constant variable cost per unit. Price $80 $50 $42 $30 $27 ATC $15 MR Quantity a. What is the profit-maximizing price for Macrohard Inc.? (3 points) b. If Macrohard Inc. is producing the profit-maximizing price and quantity, then how much profit will they make? (4 points) If Macrohard Inc. is charging the profit-maximizing price for its product, then what is the markup they are adding? (2 points) d. Calculate the size of the deadweight loss if Macrohard Inc. is producing and charging the profit-maximizing quantity and price, but is not engaged in any price discrimination. (4 points)

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