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Firm Gamma is the monopolist of a particular market. Gamma's cost function is c=3o2 The demand for Gamma's output is o = 600 - 0.5p

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Firm Gamma is the monopolist of a particular market. Gamma's cost function is c=3o2 The demand for Gamma's output is o\" = 600 - 0.5p Gamma chooses quantity 0* that maximizes its prot. Firm Gamma produces Q*= v units of output and charges a price p*= Firm Gamma's prot is Prot= v . In this market, the Lerner Index of Market Power is L: v . In this market, the deadweight loss is DWL= v . (Hint: it is easier if you draw the graph)

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