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Using the following table, identify monopolist Econislife's profit-maximizing price. Econislife's Profit Schedule Quantity (Q) Demand (Price) Marginal Revenue (MR) Marginal Cost (MC) Average Cost (AC)

Using the following table, identify monopolist Econislife's profit-maximizing price. Econislife's Profit Schedule Quantity (Q) Demand (Price) Marginal Revenue (MR) Marginal Cost (MC) Average Cost (AC) 1 1000 1000 500 500 2 750 500 350 425 3 600 300 300 383 4 500 200 275 356 5 300 500 450 375 Select the correct answer below: $300 $500 $600 $750

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