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Cafe Think has monopoly power for selling coffee at Haas. All things considered, the marginal cost of a cup of coffee is constant at $2.

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Cafe Think has monopoly power for selling coffee at Haas. All things considered, the marginal cost of a cup of coffee is constant at $2. The demand for coffee at Haas is given by: Q = 100-5P. Now imagine that Haas institutes a price cap on coffee at $3 a cup. What will Cafe Think's profit be? What will consumer surplus be? O Profit = $85, Consumer Surplus = $722.5 O Profit = $90, Consumer Surplus = $775.5 O Profit = $90, Consumer Surplus = $765 O Profit = $85, Consumer Surplus = $775.5 O Profit = $100, Consumer Surplus = $850

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