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1. Draw an example of a monopoly with a linear demand curve and a constant marginal cost curve. a. Show the profit-maximizing price and output, p* and Q*. b. Identify the areas
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Draw the graph by hand (label and identify CS, PS, | Chegg.com
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Chapter 12 Monopoly. Basic Definitions Imperfect Competition: Occurs when firms in a market or industry have some control over the price of their output. - ppt download
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