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The graph below shows the market under a monopoly. What are the equilibrium production and price of this prot-maximizing monopoly? Fig 2: Long-Run Equilibrium in

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The graph below shows the market under a monopoly. What are the equilibrium production and price of this prot-maximizing monopoly? Fig 2: Long-Run Equilibrium in a Monopolistic Competition Market PRICE (s/GALLON) QUANTITY 0 Production level = Q2. Price = P2. 0 Production level = Q1. Price = Pl. 0 Production level = Q1. Price = P3. Production level = Q2. Price = P3

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