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Suppose a local cable company provides cable service to a rural community. The figure to the right illustrates the cable company's marginal cost of providing

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Suppose a local cable company provides cable service to a rural community. The figure to the right illustrates the cable company's marginal cost of providing cable service along with the community's demand for cable TV. Assume the local cable company is a monopoly. When the company maximizes profits, consumer surplus equals $ (enter a numeric response using a real number rounded to one decimal place) Price and cost ( dollars per cable subscription) MIC 29598 8988 8 858 MR D 0 10 20 30 40 50 60 70 80 90 100 Quantity of cable s ute criptions Clear all

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