Refer to Figure 2 in Question 26. In order to maximize profits, the monopolist should charge what price? (don't enter $)

Q: Price MC 7. 6 D 3 MR Demand 9 10 11 12 Ouartin

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A: The demand curve of the monopolist can be found by using the given points as follows:

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A: Introduction Total revenue can be considered as the total earnings incurred by a firm after the sale…

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A: Given P = 100 – q MC = 20 $ ATC = 20 $ TR = P * q = (100 - q) q = 100q – q2 MR = dTR/dQ = 100 – 2q…

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