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The TC of an industry is TC=100+10Q The demand of the market is P=100-5Q 1. What type of industry has this cost structure? 2. Without

The TC of an industry is TC=100+10Q

The demand of the market is P=100-5Q

1. What type of industry has this cost structure?

2. Without government intervention, what is the profit maximisation price, quantity and profit? Calculate the DWL if there is any.

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