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Ef2 Page 2 ABCE 2. [Monopoly -Mylan's EpiPens] Medical company, Mylan, acquired all major patents surrounding EpiPens, thus owning 90% of the market. a. [6

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Ef2

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Page 2 ABCE 2. [Monopoly -Mylan's EpiPens] Medical company, Mylan, acquired all major patents surrounding EpiPens, thus owning 90% of the market. a. [6 points] Consumers are willing to pay P = 10,225 - 100Q. The estimated marginal cost is $25. How many and at what price should Mylan produce EpiPens? b. Calculate the following under a single-price monopolist. Draw a graph and label these items. i. Revenues ii. Dead Weight Loss ili. Consumer Surplus

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