A business has been created to provide needed services to its market. As the only provider of this service, it functions as a monopoly, with the ability to set prices and having the entire market demand schedule as its demand curve. Because the monopoly is newly formed, there is no government intervention into the monopoly's pricing actions. Examine Diagram mentioned below and fill in the blanks with the letters a - h to identify the correct point or location that corresponds with its correct description. Then explain why that point or location is important. (All letters represent points, except for letters e and h, which represent a rectangle and a triangle, respectively.)

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Diagram 2. 9 ATC MC MR Match the letters a-h with the folowing descriptions. a.) Letter price that the monopoly will charge its customers for the monopoly quantity of production b.) Letter monopoly quantity crosses the demand curve. c.) Letteron quantity produce d.) Letter What is it's important and/or relevance? Type vour answers in this column. on Diagram 2 represents thea.) on Diagram 2 is where the b.) on Diagram 2 is the monopoly c.) that the monopoly ideally wants to on Diagram 2 is the dollar valued.) Match the letters a-h with the folowing descriptions. a.) Letter price that the monopoly will charge its customers for the monopoly quantity of production b.) Letter monopoly quantity crosses the demand curve. c.) Letteron quantity produce d.) Letter What is it's important and/or relevance? Type vour answers in this column. on Diagram 2 represents thea.) on Diagram 2 is where the b.) on Diagram 2 is the monopoly c.) that the monopoly ideally wants to on Diagram 2 is the dollar valued.)