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Using the table below, explain why HealthPill's profit-maximizing price is $800. (HealthPill is a monopoly.) HealthPill, Production Cost and Revenue Quantity (Q) Price (P) Marginal

Using the table below, explain why HealthPill's profit-maximizing price is $800. (HealthPill is a monopoly.) HealthPill, Production Cost and Revenue Quantity (Q) Price (P) Marginal Revenue (MR) Marginal Cost (MC) Average Cost (AC) 1 $1,200 $1,200 $500 $500 2 $1,100 $1,000 $275 $388 3 $1,000 $800 $225 $333 4 $900 $600 $250 $313 5 $800 $400 $400 $330 6 $700 $200 $850 $417

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