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Assume a (one-price) monopolist faces the following inverse demand, P=100-4Q, and cost structure, C(Q) = Q2. Calculate the equilibrium price, quantity and the deadweight loss.
Assume a (one-price) monopolist faces the following inverse demand, P=100-4Q, and cost structure, C(Q) = Q2. Calculate the equilibrium price, quantity and the deadweight loss. (6 marks)
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