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Econ - Monopoly and Deadweight

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Question;Suppose that a firm has a monopoly on a good withthe following demand schedule:Quantity Price0 $101 $92 $83 $74 $65 $56 $47 $38 $29 $110 $0a. What price and quantity will the monopolist produceat if the marginal cost is a constant $4?b. Calculate the deadweight loss from havingthe monopolist produce, rather than a perfectcompetitor.

 

Paper#57901 | Written in 18-Jul-2015

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