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Question 5 ( 1 5 points ) Refer to the graph shown. If this is a monopoly firm maximizing profit; a ) What is the

Question 5(15 points)
Refer to the graph shown. If this is a monopoly firm maximizing profit;
a) What is the equilibrium price it charges?
b) What is the equilibrium quantity?
c) What is the profit/loss of this firm?
d) Is this industry in the long-run equilibrium? Why?
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