Monopolist with a straight-line demand curve finds

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A monopolist with a straight-line demand curve finds that it can sell two units at $12 each or 12 units at $2 each. Its marginal cost is constant at $3 per unit.

a. Given the demand curve, draw the MR, and MC curves for this monopolist.

Instructions: Use the tool 'MR' to draw the marginal revenue curve between the y-axis (price) intersection and the x-axis (quantity) intersection (2 points). Finally, use the tool 'MC' to draw the marginal cost curve between Q = 0 and Q = 15.

Reference no: EM13743959

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