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  3. b) refer to the graph above. if the government reg

B) Refer to the graph above. If the government regulates this monopolist and sets its...

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Accounting

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B) Refer to the graph above. If the government regulates this monopolist and sets its price equal to the marginal cost: a) What output would the regulated monopolist produce? b) What price would the regulated monopolist charge? c) How much in profit would the regulated monopolist eam? C) Refer to the graph above. If he government wants this monopolist to eam a normal profit, a) What price would the monopolist charge? b) What output would the regulated monopolist produce? c) How much in profit would the regulated monopolist earm? D) Refer to the graph above. Compare the results of the socially optimal price and the fair-retum price with the respect to resouroes allocation

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