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GasInd Inc is the only supplier of natural gas in a country The country's demand for natural gas and the firm's costs are shown on the graph below Demand and cost curves In the scenario

GasInd, Inc. is the only supplier of natural gas in a country. The country's demand for natural gas and the firm's costs are shown on the graph below. Demand and cost curves In the scenario above, what price should the firm charge to maximize its profit? $ per cubic meter. (Round you answer to the nearest grid line, e.g., 0.27, and use the rounded number for further calculations.) In the scenario above, what is the firm's maximum economic profit? $ billion. (Round you answer to the nearest 0.1 billion dollars, e.g., 0.8.)

Apr 23 2020 View more View Less

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