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1. Miller 2. Suppose you are given the graphical summary of a monopolist below. Answer the following questions using this inf
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Answer #1

a) Output = 300

b) MC = 2

c) TC=ATC*Q = 6.3*300 = 1890

d) P = 5

TR = P*Q = 5*300 = 1500

e) Loss = P-ATC*Q

(5-6.3)*300 = -1885

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