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ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw
Edition 6ISBN: 978-1133150558ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw
Edition 6ISBN: 978-1133150558 Exercise 4
Draw the demand, marginal-revenue, average total- cost, and marginal-cost curves for a monopolist. Show the profit-maximizing level of output, the profit-maximizing price, and the amount of profit.
Explanation
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MR= marginal revenue
MC= marginal cost
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ePack: Principles of Microeconomics 6th Edition by Gregory Mankiw
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