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The following are the marginal cost and marginal value equations: Marginal value (Demand curve) = P = 195 - 6Q Marginal cost (Supply curve) =

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The following are the marginal cost and marginal value equations: Marginal value (Demand curve) = P = 195 - 6Q Marginal cost (Supply curve) = P = 45 + 40 a. Using these curves, estimate the equilibrium price and quantity assuming a perfectly competitive market. b. Estimate the equilibrium price and quantity assuming these curves represent what a profit maximizing monopolist faces. c. Estimate the equilibrium price and quantity assuming these curves represent a profit maximizing monopsonist

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