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    output level

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    a. What is the firm's Total Revenue?

    b. What is the Total Cost?

    c. What is the firm's Total Profits?

    d. If the above monopolist were to behave like a perfectly competitive firm (operating in the long run), determine its output

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    https://brainmass.com/economics/price-levels/monoply-oligopoly-question-283111

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    a. What is the firm's Total Revenue?
    The firm will produce at MC = MR to maximize its profit.
    The monopoly output level is then E.
    From the demand curve, the price should be A.
    Thus the ...

    Solution Summary

    The output level is demonstrated.

    $2.19