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Assume the gure below represents the market for Turkeys. What is the dead-weight loss if this market is operating as a monopoly? Price 50 40

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Assume the gure below represents the market for Turkeys. What is the dead-weight loss if this market is operating as a monopoly? Price 50 40 30 20 ' 10 ATC Demand 100 200 300 400 500 Quantity 0 $1000 C! There will not be a dead-weight loss since they will be operating at the market equilibrium O $1500 0 $4000 Assume the figure below represents the market for Turkey. If this is a monopoly market, what is the profit? Price 50 40 MC 30 ATC 20 10 MR Demand 100 200 300 400 500 Quantity O $1000 O $0 O $4000 O $3000

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