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The market demand for a good is P = 2 0 Q. The good can be produced at a constant cost of $4. What price
The market demand for a good is P = 2
0 Q. The good can be produced at a constant cost of $4.
What price would a competitive firm charge?
Enter as a value.
The market demand for a good is P = 2
0 Q. The good can be produced at a constant cost of $4.
How much deadweight loss is created if the market is served by a monopolist as
opposed to a
competitive market?
Enter as a value.
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