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3) Consider a single firm with constant marginal costs MC(Q) = 8 that monopolizes an industry with demand curve D(p) = 100 - 2p. a-

3) Consider a single firm with constant marginal costs MC(Q) = 8 that monopolizes an industry with demand curve D(p) = 100 - 2p. a- What is the deadweight loss from monopoly? b- What is the loss in consumer surplus from monopoly relative to perfect competition

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