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Discover expert advice from a lawyer on navigating tricky legal situations and handling disputes. Effective strategies await! #law #lawyer #cops #landlord #renting Law By Mike(@lawbymike). original sound - Law By Mike. 10 Seconds To Get Out Of Trouble! #law #lawyer #cops #landlord #renting
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Marginal Revenue Formula
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The following table shows the demand curve facing a monopolist who produces at a constant marginal cost of 10: a. Calculate the firm's marginal revenue curve. b. What are the firm's profit-maximizing output and price? What is its profit? c. What would the equilibrium price and quantity be in a competitive industry? d. What would the social gain be if this monopolist were forced to produce and price at the competitive equilibrium? Who would gain and lose as a result? | Numerade
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