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28-10-2022
Mathematics

Answered

Answer the following questions on the basis of the monopolist's situation is illustrated in the following graph.
a. At what output rate and price does the monopolist operate?
b. In the equilibrium, approximately what is the firm's total cost and total revenue?
c. What is the firm's economic profit or loss in equilibrium?

Answer the following questions on the basis of the monopolists situation is illustrated in the following graph a At what output rate and price does the monopoli class=

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