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f. Profit-Maximizing Outcome a1. Using figures in the table, what is the firm's profit-maximizing quantity and price? (2 pts.) Profit-Maximizing Quantity: Profit-Maximizing Price: a2. At
\f. Profit-Maximizing Outcome a1. Using figures in the table, what is the firm's profit-maximizing quantity and price? (2 pts.) Profit-Maximizing Quantity: Profit-Maximizing Price: a2. At that quantity and price, what is the firm's profit? (1 pt.) NOTE: Use figures in the table. Profit: . Allocationy-Efficient Outcome b1. Using figures in the table, what would be the allocationficient (i.e. perfectly competitive) quantity and price in this market? (2 pts.) Allocationly- Efficient Quantity: Allocationly- Efficient Price: b2. Is the allocation efficient outcome sustainable for the firm in the long run? Briefly explain. (2 pts.)c. Calculate the amount of deadweight loss in this market due to the firm's monpoly power. (2 pts.) Note: Enter a formula to calculate the deadweight loss referencing cells (either in the table or questions) above. d. Regulation: Suppose the government considers a policy that would have it regulate the price of this drug. d1. Using figures in the table, indicate the lowest price the government could set for an annual prescription that would still allow the firm to make at least a normal profit? (1 pt.) Policy Price: d2. Atthat price, how many annual prescriptions would be filled? {1 pt.) Annual Prescriptions under Policy: d3. How much deadweight loss (DWL) would there be under this policy? (2 pts.) DWL under Policy
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