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A market is characterized by the following functions: Demand: P = 18 - 0.001Q Supply: P = 2 + 0.004Q Suppose the government imposes a
A market is characterized by the following functions:
Demand: P = 18 - 0.001Q
Supply: P = 2 + 0.004Q
Suppose the government imposes a quota at 2400.
Calculate the producer surplus.
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