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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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