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    Profit per unit

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    a. What is the optimal price?
    b. What is the Profit per unit
    c. What is the ATC in dollars?
    d. If the monopolist were to behave like a perfectly competitive irm(operating in the long run), determine its price.

    How do you arrive at each?

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    https://brainmass.com/economics/monopolies/profit-per-unit-monopoly-318420

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    a. The optimal quantity is E, where MC=MR. The optimal price is found by looking at the highest price that the consumers are willing to pay for this quantity. To do this, look vertically up from E to the demand curve where you'll find J. Price corresponding to poin J is A. So, the optimal ...

    Solution Summary

    The optimal price for a unit is determined. The profit per unit and ATC in dollars are calculated. If the monopolist were to behave like a perfectly competitive irm, the price is determined.

    $2.19