Exercise 5. You are the manager for a monopoly with costs, demand, and marginal revenue as in the graph at the top on Figure 1.   a. Suppose economic conditions change in such a way that the demand curve for your company shifts left. b. Draw a demand curve on the bottom graph on Figure 1 that leads to zero economic profits. c. Draw a demand curve on the bottom graph on Figure 1 such that any further leftward demand shift will cause you to shutdown.

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A: As per guidelines, first three subparts can be answered. Kindly repost the other questions again.…

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A: Hi Student, thanks for posting the question. As per the guideline we are providing answers for the…

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Q: q4

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