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=true&cld=7186009¢erwin=yes chris tindell 11/20/22 2:10 PM lonopoly & Profit-Max Question 11, Concept: Profit Maximization Graph 2 HW Score: 83.33%, 20 of 24 points x Points:

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=true&cld=7186009¢erwin=yes chris tindell 11/20/22 2:10 PM lonopoly & Profit-Max Question 11, Concept: Profit Maximization Graph 2 HW Score: 83.33%, 20 of 24 points x Points: 0 of 3 A pharmaceutical corporation has developed a unique new drug, making the company a monopoly. Demand for the new drug (D), the corresponding marginal revenue (MR), and the firm's cost structure (marginal cost is MC) are illustrated in the figure to the right MC What are the company's profit-maximizing price and quantity? Using the point drawing tool, indicate the profit-maximizing price and quantity in the figure to the right. Label the point "Profit-maximizing" Carefully follow the instructions above, and only draw the required object. 350 300 - Price (dollars per prescription) 250- 200- 100 50 - Quantity (prescriptions per week in 1000s) Clear all Check answer pages Get more help - 2:10 PM 49'F Sunny ~ 9 8 4) 1/20/2022 O

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