==+b. What would output be if DD acted like a perfect competitor and set MC = P?

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Oct 26, 2024 06:00 AM

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Problem 2. Dayna's Doorstops (From Pindyck and Rubinfeld, 25 points) Dayna's Doorstops, Inc. (DD) is a monopolist in the doorstop industry. Its total cost is TC = 100 5Q + Q2, and (inverse) demand is...
Problem 2. Dayna's Doorstops (From Pindyck and Rubinfeld, 25 points) Dayna's Doorstops, Inc. (DD) is a monopolist in the doorstop industry. Its total cost is TC = 100 5Q + Q2, and (inverse) demand is...
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==+b. What would output be if DD acted like a perfect competitor and set MC = P?
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==+15. Daynas Doorstops, Inc. (DD) is a monopolist in the doorstop industry. Its cost is C = 100 - 5Q + Q2 , and demand is P = 55 - 2Q.
==+ What profit and consumer surplus would then be generated? *
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==+b. What would output be if DD acted like a perfect competitor and set MC = P?

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Microeconomics

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