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The gure below shows the demand and cost curves for a monopolist. Assume there are no for costs in the market and an unlimited number

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The gure below shows the demand and cost curves for a monopolist. Assume there are no for costs in the market and an unlimited number of units of the product can be produced at a margin cost of $5 per unit. As a result average total cost and marginal cost are the same. Price a ATE: MC: 1} Find the output level and the price charged to consumers, when the monopolist is maximizi its prot. (6 marks]

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