Question: You are a monopolist facing the following demand schedule: QuantityPrice 1 ..$20 2 ..$18 3 ..$16 4 ..$14 You produce this good at a constant

You are a monopolist facing the following demand schedule:
QuantityPrice
1 …………………..$20
2 …………………..$18
3 …………………..$16
4 …………………..$14
You produce this good at a constant average and marginal cost of $12.
a. Calculate marginal revenue for each level of output.
b. Find the profit-maximizing price and quantity.
c. How much profit will you earn?

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