Suppose monopolist faces the demand and cost curves

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Suppose a monopolist faces the demand and cost curves shown in the figure below.

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The monopolist maximizes profit (minimizes loss) by producing __________ units of output.

The monopolist will sell its output at a price of $__________ per unit.

The monopolist earns a profit (loss) of $__________.

Construct a new demand and marginal revenue curve such that the monopolist earns a loss in the short run but does not shut down.

Construct a new demand such that the firm shuts down.

Reference no: EM131195996

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