Question
Consider the following monopoly with P = 30.5 -2.75 Q and the marginal cost curve is MC=4.5Q; a.Calculate the consumer surplus under the monopoly. b.
Consider the following monopoly with P = 30.5 -2.75 Q and the marginal cost curve is MC=4.5Q; a.Calculate the consumer surplus under the monopoly. b. Calculate the producer surplus under the monopoly. c. Calculate the deadweight loss.
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
