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Paper help Economics Bas… Show more “http://media.cheggcdn.com/media/0f0/0f0c1a

Economics

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Bas… Show more “http://media.cheggcdn.com/media/0f0/0f0c1a45-0321-480a-bd0b-0117c5774c84/php4OdEmP.png” /> Based on the above graph, answer the following questions for a monopoly and a perfectly competitive firm. A. For the monopolist: i. Profit maximizing output = ii. ATC = iii. AR = iv. Price = v. Total Revenue = vi. Total Cost = vii. Profit = GE273: Week 8 Monopoly versus Perfect Competition Page 2 B. For the perfectly competitive firm: i. Profit maximizing output = ii. ATC = iii. AR = iv. Price = v. Total Revenue = vi. Total Cost = vii. Profit = C. Discuss the differences you observe in your answers above between the monopoly and perfectly competitive firm. Submission Requirements: Formulas and calculations must be shown along with the final correct answer. Attach a Word document that contains all answers. • Show less

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