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Currently, a monopolist s profit-maximizing output is 200 units per week It sells its output at a price of $60 per unit and collects $30 per unit in revenues from the sale of the last unit produced

Currently, a monopolist s profit-maximizing output is 200 units per week. It sells its output at a price of $60 per unit and collects $30 per unit in revenues from the sale of the last unit produced each week. The firm s total costs each week are $9,000. Given this information, what are the firm s maximized weekly economic profits and its marginal cost?

May 16 2020 View more View Less

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