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Refer to Graph 2. Assume this market is controlled by a monopolist. At what price and quantity does the monopolist maximize its profit? Graph 2

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Refer to Graph 2. Assume this market is controlled by a monopolist. At what price and quantity does the monopolist maximize its profit? Graph 2 Price MC 20 15 10 D MR 50 70 Quantity P = $10, Q = 50 O P = $15, Q = 70 P = $20, Q = 50 O P = $20, Q = 70Refer to Graph 2 above. What is the competitive market equilibrium price and quantity in this market? O P = $15, Q = 70 O P = $20, Q = 70 O P = $10, Q = 50 O P = $20, Q = 50Refer to Graph 2 above. The deadweight loss due to monopoly is: :3. 50 :3. mo \":3 15o .3. zoo

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