Price and costs (dollors per unit) 50 30 20 20 10 0 10 20 4.30 X 40 50 60 Quantity Junits per day) The figure above shows the cost, demand, and marginal revenue curves for a monopoly. The firm O will make an economic profit of $20 O will charge a price of $10 per unit. O will produce 20 units per day. O is a natural monopoly.

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Price and costs (dollors per unit)
50
30
20
20
10
0
10
20
4.30
X
40
50
60
Quantity Junits per day)
The figure above shows the cost, demand, and marginal revenue curves for a monopoly. The firm
O will make an economic profit of $20
O will charge a price of $10 per unit.
O will produce 20 units per day.
O is a natural monopoly.
Transcribed Image Text:Price and costs (dollors per unit) 50 30 20 20 10 0 10 20 4.30 X 40 50 60 Quantity Junits per day) The figure above shows the cost, demand, and marginal revenue curves for a monopoly. The firm O will make an economic profit of $20 O will charge a price of $10 per unit. O will produce 20 units per day. O is a natural monopoly.
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