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Demand P (q)=100-2q Total Costs C(q)=10+20q. Calculate marginal cost for a firm in this industry. The marginal cost is graphed below, what is special or interesting about this marginal cost function? Verify the monopolist equilibrium is (Q=20,P=60). What is the perfectly competitive equilibrium? Calculate dead weight loss arising from the monopoly equilibrium.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M92024960
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