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Techmation has a monopoly in the market for Widget 3000s .The market demand for Widgets 3000s is Q (P) = 250 - P/4 .Techmation's total
Techmation has a monopoly in the market for Widget 3000s.The market demand for Widgets 3000s is Q (P) = 250 - P/4 .Techmation's total costs for producing Q Widgets 3000s are given by the function 6Q^2 .Use this information to calculate Techmation's profit-maximizing quantity (Q*), price (P*), profit (), the consumer surplus they generate (CS), and the deadweight loss they generate (DWL).
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