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Introgation 10 Assume that the sugar marketplace is useless aggressive with a marketplace call for perform given with the aid of using Q = a thousand 2P and consequently the marketplace offer perform given with the aid of using Q = 3P, anyplace Q is quantity and P is worth. (i) Solve for the equilibrium marketplace cost and quantity. (three marks) (ii) A organization with a linear economic cost perform given with the aid of using megahertz = 128 + 16Q is operating at some point of this marketplace. what is the organization's profit-maximising quantity? (three marks) (iii) ponder a desire for candy meals main to a surge in sugar call for particular all groups in the useless aggressive sugar marketplace region unit incomes monetary income. justify why in the lengthy haul, monetary income at some point of this case region unit of much less concern, from a welfare perspective, than monetary income if the sugar marketplace is operated with the aid of using one priced monopolizer. (five marks)

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