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Question 3: The following graph shows the cost and revenue curves for a monopoly. 0 IIII I25 I50 mm Jan Identify the following {5 marks}

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Question 3: The following graph shows the cost and revenue curves for a monopoly. 0 IIII I25 I50 mm Jan Identify the following {5 marks} {1) Protmaximizing output level = {2) Protmaximizing price 2 {3) Total revenue at the profitmaximizing output level = {4) Total cost at the protmaximizing output level = {5) Total prot {or loss] =

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