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Quiz11_F10 - b(2 Graph the above situation and indicate the...

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3550 Quiz11 F10 Last Name: ______________ First Name:___ The Denton Oaks Golf Club (DOG Club) is the only golf course in Denton County and as such has monopoly power with demand of: P = 200-2Q. Their Marginal Cost of providing a round of golf is $20. a. (4) What are the DOG club’s profit maximizing price and quantity?
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Unformatted text preview: b. (2) Graph the above situation and indicate the profit maximizing price and quantity for DOG Club. c. (2) Find the socially desirable output level (or the efficient output level). d. (2) Calculate the deadweight loss associated with this monopoly....
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