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Consider the market for coffee in Claremont. QD =105 - 4P QS = 75 + 2P a.What is the Marginal Revenue function in this market?

Consider the market for coffee in Claremont.

QD =105 - 4P

QS = 75 + 2P

a.What is the Marginal Revenue function in this market?

b.If there was only one coffee firm in this market, solve for the monopoly equilibrium price and quantity.

c.Draw a graph showing this market, including Supply, Demand and MR.

d.What is the deadweight loss if this market operates as a monopoly?

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