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Business, 06.11.2019 21:31 battlemarshmell

Aprofit-maximizing monopolist charges a price of $12. the intersection of the marginal revenue and marginal cost curves occurs where output is 10 units and marginal cost is $6. average total cost for 10 units of output is $5. what is the monopolist's profit?
a. $70
b. $100
c. $120
d. $60

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