SophiaPretty

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    Strayer,Devery,Harvard University
    Mar-1995 - Mar-2002

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    WalMart
    Mar-2001 - Feb-2009

Category > Economics Posted 05 Sep 2017 My Price 8.00

a Suppose this monopolist is unregulated

2 Use the accompanying graph to answer the question that follows.
a Suppose this monopolist is unregulated
1 What price will the firm charge to maximize its profits?
2 What is the level of consumer surplus at this price?
b Suppose the firm’s price is regulated at $80
1 What is the firm’s marginal revenue if it produces 7 units?
2 If the firm is able to cover its variable cost at the regulated price, how much output will the firm produce in the short run to maximize its profits?

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SophiaPretty
(5)
Status NEW Posted 05 Sep 2017 11:09 AM My Price 8.00

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