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What is the monopolist's profit under the following conditions? The profit-maximising price charged for the goods is $60 Marginal cost and marginal revenue intersect at
What is the monopolist's profit under the following conditions?
- The profit-maximising price charged for the goods is $60
- Marginal cost and marginal revenue intersect at an output of 30
- The marginal cost at at output of 30 is $40 and the average cost is $45
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