The figure below shows the cost (MC, ATC) and demand curves (D, MR) for a cable company operating as a monopolist.

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Q: 55

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Q: Which of the following statements is correct?

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Q: Please answer completely and clearly. π

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A: MPL=∆TP∆LAPL =TPLTFC = Php2000 x KTVC = Php 700 x LTC = TFC + TVCMC =  ∆TC∆QAFC = TFCQAVC = TVCQATC…

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