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Canis 8 pts Question 26 Suppose a single-price monopoly firm faces the following demand and marginal cost functions for its designer handbags (price is expressed in dollars per handbag and quantity is expressed in thousands): Demand: P = 52 - 2Q MC = 4+2Q al What are the profit maximizing quantity and profit maximizing price for the monopolist? b) In comparison to the perfectly competitive market, what is the amount of dead-weight loss due to the monopoly control? What is the amount of monopoly gain? d) In the case of rent seeking, what is the amount of dead-weight loss at rent seeking equilibrium? Edit View Insert Format Tools Table 120t w Paragraph ~ B I U A v 2 VT ? v v v Q v