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Please Refer to attached question a. (2 points) Give the price, quantity, CS, PS, and total surplus if the market is competitive. b. (2 points)

Please Refer to attached question

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a. (2 points) Give the price, quantity, CS, PS, and total surplus if the market is competitive. b. (2 points) Give the price, quantity, CS, PS, and total surplus if the market is a monopoly. c. (2 points) Give the price, quantity, CS, PS, and total surplus if the market is competitive, and there is an innovation available to all that reduces marginal cost to 0. d. (2 points) Give the price, quantity, CS, PS, and total surplus if the market is competitive, and there is an innovation that reduces marginal cost to 0 for one rm only. e. (2 points) Give the price, quantity, CS, PS, and total surplus if the market is a monopoly, and there is an innovation that reduces marginal cost to 0

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