# Determining optimal output level for a monopolist

Please refer attached file for diagram.

A hypothetical monopoly firm is characterized by the following diagram.

a. Assuming that the above firm is a profit maximizer operating in the short run, determine its optimal price?

b. Determine the firm's profit

c. What is the ATC?

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Please refer attached file for diagram.

Solution

a. Assuming that the above firm is a profit maximizer operating in the short run, determine ...

#### Solution Summary

Solution describes the steps for determining optimal output level, price and corresponding profit for a monopolist.

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