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THIS INFORMATION WILL BE USED A monopoly firm with costs of C(Q) - 270 + 300 faces inverse demand P: 360 - 30. These imply

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THIS INFORMATION WILL BE USED A monopoly firm with costs of C(Q) - 270 + 300 faces inverse demand P: 360 - 30. These imply the firm has a marginal cost curve of MC = 30 and a marginal revenue curve of MR = 360 - 60. What is the equilibrium quantity in the market? What is the equilibrium price in the market? What is the monopoly firm's profit? 1 How much consumer surplus is generated? What is the deadweight loss

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