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Consider the case of a monopolist who charges the same price to all consumers. The demand for the good is given by Q=816-4p, where Q

Consider the case of a monopolist who charges the same price to all consumers. The demand for the good is given by Q=816-4p, where Q denotes the quantity demanded at price p. The firm's total cost of producing Q units is given by thefunction

C(Q) = 6 Q

What is the efficiency loss in the monopoly equilibrium?

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