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Find the consumer surplus, when the monopolists sets one price given the following inverse demand, marginal revenue, and marginal cost functions: Inverse Demand: P

Find the consumer surplus, when the monopolists sets one price given the following inverse demand, marginal revenue, and marginal cost functions: Inverse Demand: P = 220- 5Q Marginal Revenue = 220-2*5Q = Marginal Cost 12

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To find the value of Q or Equilibrium Quantity one can use the following equation 220 2 5Q ... blur-text-image

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