Consider a market with the following demand curve: ? = 200 − 2? MC=20 Assume ?...
Consider a market with the following demand curve:
? = 200 − 2?
MC=20
Assume ? > ???.
a. Find the perfectly competitive price and quantity.
??? = _____________, ??? =_____________
b. Find the monopoly price and quantity.
?? = _____________, ?? =_____________
c. Find the loss of consumer surplus in monopoly vs. perfect
competition.
?????? =_____________
d. Find the producer surplus in monopoly.
?????????? =_____________
e. Find the deadweight loss in monopoly.
??????????? =_____________
Homework Answers
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Consider a market with the following demand curve:
? = 200 − 2?
MC=20
Assume ?...
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