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Find equilibrium output and price. March 18 at 5 PM) X + courses.kpu.ca/mod/quiz/attempt.php?attempt=1651498&cmid=2223898&page=5 mail YouTube Maps 2KPU Dashboard Go to Help Search es If we

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Find equilibrium output and price.

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March 18 at 5 PM) X + courses.kpu.ca/mod/quiz/attempt.php?attempt=1651498&cmid=2223898&page=5 mail YouTube Maps 2KPU Dashboard Go to Help Search es If we know the quantity demanded is given by P = 100 - Q, marginal revenue is MR = 100 - 2Q, cost is TC = 3/2 Q2, and marginal cost is MC - 3Q. of a. What is the equilibrium output if the firm is a monopoly? Show your work. b. What is the equilibrium price? Show your work. c. Calculate the profit. Show your work. d. Illustrate on a graph the deadweight loss of a monopoly market structure compared to a competitive market structure. i y B

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