(Answered) A profit-maximizing monopolists charges at a price of 12

Economics

A profit-maximizing monopolists charges at a price of $12. The intersection of the marginal revenue and the marginal cost curves occurs where output is 10 units and marginal cost is $6. Average TOTAL COST FOR 10 units of output is $5. What is the monopolists profit?

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Business Economics, Economics

Category:- Business Economics
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