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Question 1

The graph below shows the demand curve and cost data for a firm operating as a monopolist.

The blue line shows:

 

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Question 2

The red line shows:

 

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Question 3

The black line shows:

 

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Question 4

The profit maximizing quantity for this monopolist is:

 

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Question 5

What price will the monopolist set in order to maximize profits (or minimize losses)?

 

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