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Steve is the only seller of water in town. The market for water is characterized by the following: Demand: P = 100 - 1/2Q Marginal

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Steve is the only seller of water in town. The market for water is characterized by the following: Demand: P = 100 - 1/2Q Marginal Revenue: MR = 100 - Q Marginal Cost: MC = 20 + Q What is the deadweight loss associated with this monopoly? 33 266 67 133

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