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    Profit Maximizing Price in Market Structure

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    Market Structure and Policy. See attached file for full problem description.

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    Solution Preview

    Please see the attached file.

    (a) The MR curve starts from the top point of the demand curve and goes to half the width on the
    horizontal axis. The MC curve is a straight horizontal line at P = 6. The point of intersection of these
    two lines, when projected to the horizontal axis, gives the profit-maximizing ...

    Solution Summary

    Find the profit maximizing price and other factors.