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Figure 12.2.3 Refer to Figure 12.2.3, which shows the market with a sin...

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A graph plots price (dollar per ticket) versus Quantity (tickets per week). The horizontal axis ranges from 0 to 100 with an increment of 10 units. The vertical axis ranges from 0.00 to 5.00 with an increment of 1.0 units. The graph plots two slopes from top left to mid-right and bottom left respectively, a convex curve from mid-left to top right, and four closed points (30, 2.00), (30, 3.50), (50, 2.50), and (60, 2.00). The first slope falls through (0, 5.00) to (50, 0.00) is labeled M R and the second slope falls through (0, 5.00) to (100, 0.00) is labeled D. The convex curve rises through (10, 1.50), (30, 2.00), (50, 2.50) to (80, 4.00) is labeled M C.

Figure 12.2.3

Refer to Figure 12.2.3, which shows the market with a single-price monopoly. What is the profit-maximizing price to charge for a ticket?
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