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Tennessee Subway Corporation is a natural monopoly The graph shows the market demand curve and the firm's marginal cost curve The monopoly is unregulated and maximizes profit Price and cost

Tennessee Subway Corporation is a natural monopoly. The graph shows the market demand curve and the firm's marginal cost curve. The monopoly is unregulated and maximizes profit. Price and cost (dollars per month) Draw the firm's marginal revenue curve. Label it MR. Draw a point at the profit-maximizing price and quantity. Label it 1 The monopoly makes a positive economic profit. Draw the firm's average total cost curve. Label it ATC. Draw a point on the ATC curvo at the quantity produced. Label it 2. 30- Draw shapes that show 1) the monopoly's economic profit. Label it EP. 2) the consumer surplus. Label it CS. 3) the deadweight loss. Label it DWL. 10 20 50 60 Quantity (thousands of customers) Draw only the objects specified in the question.

 

Apr 18 2020 Read more Less More

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