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2.A cafeteria is a monopoly for lunches served at a school. A typical student has the demand function Q=440-10P. Marginal Cost is $4 per meal.
2.A cafeteria is a monopoly for lunches served at a school. A typical student has the demand function Q=440-10P. Marginal Cost is $4 per meal. Calculate the profit maximizing quantity, price, profit and deadweight loss for each of the following cases. a) Monopoly uses a single per unit price. b) Monopoly uses a two-part tariff
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