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Baradar Baradar
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Suppose a monopolist faces the demand, marginal revenue and cost curves shown below.

Short description: A graph plots Q against dollars. Long description: The horizontal axis representing Q ranges from 0 to 210, in increments of 30. The vertical axis representing dollars ranges from 0 to 40, in increments of 5. The graph plots two lines and three curves. The line representing MR begins at (0, 40) and ends at (120, 0). The line representing D begins at (0, 40) and ends at (210, 5). The curve, SMC passes through the points, (30, 7.5), (60, 6), and (150, 30). The curve, ATC passes through the points, (30, 25), (120, 14), and (210, 22.5). The curve, AVC passes through the points, (30, 13), (90, 10), (180, 15), and (205, 20). MR, SMC, and AVC intersect at (90, 10). MR and ATC intersect at (70, 17.5). SMC and ATC intersect at (105, 14). SMC and D intersect at (125, 19). ATC and D intersect at (150, 15). D and AVC intersect at (165, 13). Note: all values are approximate.

FIGURE 10-7

Refer to Figure 10-7. For this single-price monopoly at the profit-maximizing (or loss minimizing) level of output, the firm earns profits of



▸ $1100.

▸ $1350.

▸ $900.

▸ $3650.

▸ $2250.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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KocojdaKocojda
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Baradar Author
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A year ago
Thanks for your help!!
big_larry_samp
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This calls for a celebration Person Raising Both Hands in Celebration
vernonb
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Good timing, thanks!
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