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Firm earn maximum economic profits

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The following data show the relationship between output, total costs, and total revenue for a pure monopoly.

Output

TC

TR

50

$750

$1,000

60

800

1,100

70

950

1,250

80

1,200

1,450

90

1,300

1,500

Within which of the following output ranges does the firm earn maximum economic profits?

Reference no: EM133130868

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