Price maker since there are no close substitutes to product

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In a Monopoly market, a firm is a price maker since there are no close substitutes to the product. You are asked to find the company’s Shut-Down, Break-Even, and Profit-Maximization points. Fixed Costs remains at $1,000.00. Graph the TC and TR on one graph then graph the D, MR, MC, ATC, AFC, and AVC on another graph. Locate the total revenue, total profit, and total costs on the graph.

Reference no: EM13997523

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