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(Q: 11-1072071] Specific Tax. Suppose a single-price monopolist faces an inverse market demand curve given by P(Q) = 330 -0.25@ and has a cost curve
(Q: 11-1072071] Specific Tax. Suppose a single-price monopolist faces an inverse market demand curve given by P(Q) = 330 -0.25@ and has a cost curve given by C(Q) = 200 + 200 + 1.750- Part 1 (4 points): How many units will the monopolist provide in the market equilibrium? Equilibrium quantity: 77.50 units. (Round your answer to two decimal places and use the rounded value in Questions 2 and 3) Part 2 (4 points) What are the economic rents of this monopolist at the market equilibrium? Economic rents: $ 1501.56 . (Round your answer to two decimal places) Part 3 (4 points) What is the deadweight loss associated with this unregulated market equilibrium? [Hint: be careful not to round the competitive quantity] Deadweight loss: $ 50 05 . (Round your answer to two decimal places. Enter the deadweight loss as a positive number.) For the next two questions, consider the impact of a $20 per unit tax imposed on the consumers in this market Part 1 (docinfo): What quantity will be sold in the after-tax equilibrium? Equilibrium quantity: 72.50 units. (Round your answer to two decimal places and use the rounded value in Question 5.) Part 5 (4 points) What is the deadweight loss of this market after this policy is imposed? [Hint: be careful not to round the competitive quantity] Deadweight loss: $ 193.80 . (Round your answer to two decimal places. Enter the deadweight loss as a positive number.) The above is the correct answer but I need the details of the process
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