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The figure shows the demand and cost curves facing a monopoly in the short run. Please find (a) the optimal output for profit-maximization (b) the

The figure shows the demand and cost curves facing a monopoly in the short run.

Please find

(a) the optimal output for profit-maximization

(b) the monopoly price that can be charged, and

Demand, marginal revenue, and costs CO 6 SMC 5 ATC 4 AVC 2 D MR Q 0 20 40 60 80 100 120 140 160 Quantity

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