Illustrate at what price will the monopolist

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Reference no: EM1353560

This graph illustrates the demand for computers in a small country. To develop a domestic computer industry, the government prohibits imports of computers and gives a single local firm the right to produce and sell computers. The demand curve shows the local demand for computers. The cost curves show the marginal cost (MC) and average total cost (ATC) of the single producer. The graph also shows the marginal revenue curve faced by this firm.

Hypothetical cost and revenue curves for a computer producer

Illustrate at what price will the monopolist sell each computer?

Reference no: EM1353560

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