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What is the monopolist's profit if: i) The profit-maximisingprice charged for goods produced is $64 ii) Marginal revenue and marginal cost curves intersect where output
What is the monopolist's profit if:
i) The profit-maximisingprice charged for goods produced is $64
ii) Marginal revenue and marginal cost curves intersect where output is 20 units
iii) Average cost for 20 units of output is $24
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