QUESTION 4 Price 180 168 156 144 132 120 108 96 84 72 60 48 36 24 12 0 0 45 90 135 180 225 270 P 315 360 405 450 495 540

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Question 4 Price 180 168 156 144 132 120 108 96 84 72 60 48 36 24 12 0 0 45 90 135 180 225 270 P 315 360 405 450 495 540 1 (43.5 KiB) Viewed 32 times

QUESTION 4 Price 180 168 156 144 132 120 108 96 84 72 60 48 36 24 12 0 0 45 90 135 180 225 270 P 315 360 405 450 495 540 585 630 675 Quantity *MR -MC=AC A monopoly face the following demand, marginal revenue and marginal cost functions Note that in this case MC(Q) = AC(Q) for all Q. Calculate consumer surplus if the monopoly charges the (single) profit maximizing price