Suppose a textbook monopoly can produce any level of output it wishes at a constant marginal (and average) cost of $5 per book. Assume that the mono - poly sells its books in two different markets that are separated by some distance. The demand curve in the first market is given by
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Home » Business » Suppose a textbook monopoly can produce any level of output it wishes at a constant marginal (and average) cost of $5 per book. Assume that the mono - poly sells its books in two different markets that are separated by some distance.