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If the profit-maximizing output level of a monopoly firm is q=50, the demand curve is p= 20 -0.1q and ATC at the output level of 50 is Rs 7, what is the total profit? |
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Answer» If the profit-maximizing output level of a monopoly firm is q=50, the demand curve is p= 20 -0.1q and ATC at the output level of 50 is Rs 7, what is the total profit? |
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