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Note: The answer should be typed. D Question 1 3 pts Suppose the kohlrabi industry is a natural monopoly facing the following (inverse) market demand
Note: The answer should be typed.
D Question 1 3 pts Suppose the kohlrabi industry is a natural monopoly facing the following (inverse) market demand schedule: p=125Q Its cost structure (i.e.. total cost schedule) Is as follows: T0: 1500+1oo The government has established a commission to regulate the industry. Assume the commission has perfect information. Find the following in equilibrium. a. Output under Ramsey pricing regulation = units b. Ramsey price = 5 c. Deadweight loss under Ramsey pricing regulation = s HINT: Rounding any value during anyStep by Step Solution
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