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Use the following diagram which depicts a pure monopolist to answer the questions 9-10 below the diagram. Price, 100 MC Costs, and 80 Revenue ATC
Use the following diagram which depicts a pure monopolist to answer the questions 9-10 below the diagram. Price, 100 MC Costs, and 80 Revenue ATC 60 50 40 20 MR 0 60 120 180 240 300 Quantity 9. What is the profit-maximizing output and what is the price for the firm? Output = Price = $ 10. Does this monopolist make profits or does it have losses? What is the dollar amount of the profits or losses
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