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QUESTION
Construct a graph with a typical monopoly's average, marginal and demand curves on it. Identify the profit
Construct a graph with a typical monopoly's average, marginal and demand curves on it. Identify the profit
maximizing output and price, total revenue, cost and profits.
MCProfit man output = (*The intersection of MRZMCATEprofit man price z p* isdefined on the demand curveATCHTR= Q* pt. an area 0Q*8p*Te = Q* ATC an area Data Are#IT = TR-TC am D, ATCX a....