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From the following table, find out the best level of output for the monopolist by Marginal approach.

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From the following table, find out the best level of output for the monopolist by Marginal approach.

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Marginal Approach

It is evident that when MR = MC, the monopolist gets maximum profit. Here the monopolist maximizes his total profits at Rs. 15 when he produces and sells 2.5 units of output at the price of Rs. 22.00.

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