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What is the monopolist profit

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Reference no: EM131719141

What is the monopolist's profit under the following conditions? The profit-maximising price charged for goods produced is $40. The intersection of the marginal-revenue and marginal cost-curves occurs where output is 20 units and marginal cost is $25. Average cost for 20 units of output is $15. You might find it beneficial to draw a diagram of the monopoly profit and insert these values into the relevant points.

Reference no: EM131719141

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