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1/2 * (P|comp eq. - P|MR=MC)*(Qc-Qm) Qm= 15 P|Comp. eq = 171.4285714 P|MR=MC = 120 120 MC Qc = 21.42857143 Pm = 210 where price=marginal
1/2 * (P|comp eq. - P|MR=MC)*(Qc-Qm) Qm= 15 P|Comp. eq = 171.4285714 P|MR=MC = 120 120 MC Qc = 21.42857143 Pm = 210 where price=marginal cost 300-6Q = 8Q 300=14Q 21.42857143 Qc Price = 171.4285714 Consumer Surplus =area below demand curve but above Pc 1/2 * (P|monopolist-P|comp. eq)*(Qc-Qm) . Question: Find deadweight loss to society
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
9781292016924
