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Take a monopolist facing the inverse demand function p(y)=50-y. Suppose his total function cost is C(y)=20+(1/2)y^2. Compute the monopoly equilibrium and the deadweight losses, and
Take a monopolist facing the inverse demand function p(y)=50-y. Suppose his total function cost is C(y)=20+(1/2)y^2. Compute the monopoly equilibrium and the deadweight losses, and illustrate graphicaly
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