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Profit Maximization for a Single-Price Monopolist

Profit Maximization for a Single-Price Monopolist
Profit Maximization for a Single-Price Monopolist
Profit Maximization for a Single-Price Monopolist
Profit Maximization for a Single-Price Monopolist
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Product Description
This worksheet requires students to:

1. Calculate Total Revenue, Marginal Revenue, and Profit for a non-price discriminating monopolist.

2. Graph the firm's Demand, MR, MC, and ATC curves as well as illustrate the area that represents the firm's max profit.

3. Identify the profit-maximizing quantity of output for a monopolist as well as their profit-maximizing price and equilibrium average total cost.
Total Pages
1 page
Answer Key
Included
Teaching Duration
50 minutes
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