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Tim Consider the graph above of an unregulated monopoly. Answer the following questions: what level of output should this firm produce in the short run?

Tim

Consider the graph above of an unregulated monopoly. Answer the following questions: what level of output should this firm produce in the short run? What price will the firm charge? Will the firm earn economic profit? Using the markings on the graph, identify the economic profit or economic loss of the firm in the short run.

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