Jonathan a monopolist maximizes profit by producing a


Jonathan (a monopolist) maximizes profit by producing a quantity of 800 pillows where marginal cost is $2 and average cost is $4. Consumers are willing to pay as high as $10 per pillow when the quantity supplied is 800 pillows. What is the amount of profit that Jonathan can maximize under this condition?

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Econometrics: Jonathan a monopolist maximizes profit by producing a
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