ECO 201 Problem Set #4 1 A recent graduate of ECSU has opened the only coffeeshop in

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ECO 201 Problem Set #4 1 A recent graduate of ECSU has opened the only coffeeshop in town thus giving her a monopoly. The demand for coffee in town is given by Q = 3000 - 1000P and her marginal cost of a cup of coffee is $1.00. (a) What price should she charge for a cup of coffee to maximize her profits as a monopolist? (b) What much profit will she make? (c) At the price she sets, what is the consumer surplus? (d) What is the deadweight loss

Posted Date: Jun 25, 2024 10:55 PM

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ECO 201 Problem Set #4 1 A recent graduate of ECSU has opened the only coffeeshop in

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