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Consider local shipping company that faces an inverse demand function for monthly supply consumption of Qd = 100 - P and has a marginal and
Consider local shipping company that faces an inverse demand function for monthly supply consumption of Qd = 100 - P and has a marginal and average cost of $5. Calculate producer surplus, consumer surplus, total surplus, economic profit, and deadweight loss in the following scenarios.
A monopolist that can divide the market into two markets: those that value the product at or above $52.5 and those that value it less than $52.5.
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