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Mangoes produces smoothies in a monopolistically competitive market. The inverse demand for the product is P=8-0.05Q, where quantity is measured in smoothies per day, and

Mangoes produces smoothies in a monopolistically competitive market. The inverse demand for the product is P=8-0.05Q, where quantity is measured in smoothies per day, and price is measured in dollars. Assume Mangoes has a constant marginal cost of $2 per smoothie. What is the change in deadweight loss if Mangoes will behave as a perfectly competitive firm? What is their excess capacity?

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