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6.1 Monopoly question Imagine a rm called Bapple that is the monopoly in the market for smartwatches, with costfunction C(Q) = 99622 + 20000. Imagine
6.1 Monopoly question Imagine a rm called Bapple that is the monopoly in the market for smartwatches, with costfunction C(Q) = 99622 + 20000. Imagine the inverse demand function for smartwatches is p{Q) = 2000' Q. A. "What are equilibrium price and equilibrium quantity? B. What is the monopoly's prot at the equilibrium? 14 C. Prove that this prot level is a global maximum. D. Show the equilibrium price and equilibrium quantityr graphically. Include the inverse demand curve, rm's marginal revenue curve, and rm's marginal cost curve. E. "What are consumer surplus, producer surplus, and deadweight loss at the equilibrium
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