Question: solve Consider the diagram below for a profit maximizing monopoly. Price 4 (in thousands ATC of dollars) $11 = $10 $9 - ATC $8 $7

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Consider the diagram below for a profit maximizing monopoly. Price 4 (in thousands ATC of dollars) $11 = $10 $9 - ATC $8 $7 $6 + $5 $4 AVC $3 -4 $2 $1 me AVC Firm Demand 0 2 4 6 8 0 2 Quantity of : Output Market = Firm What is their optimal quantity and price and are they making a profit or loss

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