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A monopolist has a demand curve given by P = 100 - Q and a long-run total cost curve given by LTC = 20Q. a.Find

A monopolist has a demand curve given by P = 100 - Q and a long-run total cost curve given by LTC = 20Q.

a.Find the monopolist's profit-maximizing quantity and price. Find the efficiency loss from this monopoly.

b. Now suppose that this monopoly can price discriminate in some way. How will the efficiency loss change?

Please explain this and any related theory, how would I find the maximising price and quantity, what formula or condition should I use? thanks !

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