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Question 14 A monopolist faces the following demand and cost schedules: Price Q TC $25 7 $40 $24 8 $50 $23 9 $60 $22 10
Question 14
A monopolist faces the following demand and cost schedules:
Price
Q
TC
$25
7
$40
$24
8
$50
$23
9
$60
$22
10
$70
$21
11
$80
$20
12
$90
The monopolist should produce ____ and charge $____.
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