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    Imperfect Competition

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    Output------------Price------------Total Cost

    ----0--------------$500---------------$250
    ----1--------------$300---------------$260
    ----2--------------$250---------------$290
    ----3--------------$200---------------$350
    ----4--------------$150---------------$480
    ----5--------------$100---------------$700

    How many units would the above profit-maximizing monopolist produce? Explain.

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    https://brainmass.com/economics/output-and-costs/imperfect-competition-384168

    Solution Preview

    We compute the revenue of this firm for each output

    Output------------Price------------Total Cost ...

    Solution Summary

    The expert examines imperfect competition.

    $2.19

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