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I LApiall lat you art ing alld why, 101 CAallipie, ICiel to tie theory and techniques that we have covered in the lessons and the

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I LApiall lat you art ing alld why, 101 CAallipie, ICiel to tie theory and techniques that we have covered in the lessons and the sections of the textbook that you have read. Do not just report mathematical steps without any explanation. 2) Use graphs and, when possible and appropriate, examples. Question Consider a monopolist with linear (inverse) demand p = a - bQ, a>0, b>0, and constant average and marginal cost, c, with a>c20. A. [50 marks] Derive analytically and show graphically the deadweight loss generated under monopoly compared to the case the same market were served by perfectly competitive firms. B. [50 marks] Describe two ways the government could improve the allocation efficiency in this market

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