Graph a monopolist with upward sloping marginal cost

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a. Graph a monopolist with upward sloping marginal cost and its profit maximizing output and price.

b. Is the monopolist efficient? Explain using the concepts of Pareto efficient exchange. Do NOT use the term “dead weight loss”

c. Graph what occurs with a price ceiling below the monopoly price but above the efficient price.

Reference no: EM131392271

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