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ECO - A monopolist is producing a level of output, 80 units, at a price of $12

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Question;A monopolist is producing a level of output, 80 units, at a price of $12, marginal revenue is $8, average total cost is $14, average variable cost is $5, and marginal cost is $2. Explain if the monopolist is maximizing profits. If so explain why, if not explain what they should do and why.

 

Paper#56399 | Written in 18-Jul-2015

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