“”A monopolist with a straight-line demand curve findsthat it can sell two units at $12 each or 12 units at $2each. Its fixed cost is $20 and its marginal cost is constantat $3 per unit.a. Draw the MC(marginal cost), ATC (average-total-cost), MR (marginal revenue), and demand curves for thismonopolist.b. At what output level would the monopolist produce?c. At what output level would a perfectly competitivefirm produce?”
"A monopolist with a straight-line demand curve findsthat it can sell two units at $12 each or 12 units at $2each. Its fixed cost is $20 and its marginal cost is constantat $3 per unit.a….
