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In a graph paper, set up a starting graph for monopoly , using demand, marginal revenue,...

In a graph paper, set up a starting graph for monopoly , using demand, marginal revenue, marginal cost, and average total cost curves.

Shows what happens to the monopolist's market graph if fixed costs increase, using a colored pencil. Be sure to show any curve shifts, and the effects of those shifts on the monopolists output and product price.

Using a different colored pencil, identify the monopolists profit after the change in fixed costs.

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