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A monopolist's marginal revenue curve crosses its marginal cost curve a 20 per unit and one million units. the price that consumers are willing to pay is 30 per unit. if the it produces this output, the firm's average total cost is 35 perunit and its average fixed cost is 4 per unit. what is this producers profit maximizing output and what are its economic profits?

Microeconomics, Economics

  • Category:- Microeconomics
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