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A monopoly producer of widgets has a constant marginal cost $6 and sells its products in two separated markets whose inverse demand functions are P1=24-Q1
A monopoly producer of widgets has a constant marginal cost $6 and sells its products in two separated markets whose inverse demand functions are P1=24-Q1 and P2=12-0.5Q2 . What is the deadweight loss to the society in this case? Question 16Answer a. $50.6 b. $49.5 c. $94.5 d. $35.8
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Environmental Markets A Property Rights Approach
Authors: Terry L Anderson, Gary D Libecap
1st Edition
0521279658, 9780521279659
