(Answered) For this question please refer to the following graph it

Economics

For this question, please refer to the following graph. It may help to print this out so you can draw on it: https://drive.google.com/file/d/0B-gQ84rVpHz_N3dQNWJPWjBqTDQ/view?usp=sharing. Assume the fixed cost equals zero and recall from the previous question that MC = 8. The profit maximizing monopoly price equals.

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