ch10_p2 - ( 29 1 5 . 2 = + MC Q Q Calculate Hawkins profit...

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10_2. Hawkins Micro Brewery has a monopoly on Oatmeal Stout in the local market. The demand is: 1 100 2 50 . 2 = - = - D Q P P Q The resulting marginal revenue function is ( 29 50 . = - MR Q Q Hawkins marginal cost of producing Oatmeal Stout is
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Unformatted text preview: ( 29 1 5 . 2 = + MC Q Q Calculate Hawkins profit maximizing output. Calculate the social cost of Hawkins monopoly power....
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