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1. Under perfect competition, find the equilibrium prices.2.Under perfect competition, find the equilibrium quantities.3. Now, suppose a monopoly controls production. What are going to be

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1. Under perfect competition, find the equilibrium prices.2.Under perfect competition, find the equilibrium quantities.3. Now, suppose a monopoly controls production. What are going to be the prices?4. Now, suppose a monopoly controls production. What are going to be the quantities produced?5. What is the deadweight loss generated by the monopoly?Could you answer these question according to the question in the picture please ? Please show the calculations. Thank you so much!

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Consider a market where the demand is given by Q - 100 - P and the (private) marginal cost of production is always MC = 4. There is no fixed cost

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