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The following diagram illustrates the demand curve facin

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The following diagram illustrates the demand curve facing a monopoly in an industry with no economies or diseconomies of

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The following diagram illustrates the demand curve facing a monopoly in an industry with no economies or diseconomies of scale and no fixed costs. In the short and long run MC = ATC. Copy the diagram and indicate the following a. Optimal output b. Optimal price c. Total revenue d. Total cost e. Total monopoly profits f. Total

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