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1. Suppose you have the following situation of monopoly. Price EU I Marginal Revenue a. What is the monopolist's prot maximizing price and quantity?

How do we calculate these answers. Consumer surplus. monopoly profit?

Screen Shot 2018-11-02 at 7.38.24 PM.png

Screen Shot 2018-11-02 at 7.38.24 PM.png

1. Suppose you have the following situation of monopoly. Price EU I Marginal Revenue a. What is the monopolist's profit maximizing price and quantity? o. 1What would the outcome be if the market was oompet'tthre instead? What would the pr'toe and quantity
be? c. Find the consumer surplus in monopolyr and in competition. :1. Calculate monopolyr profits. % Ask a homework one 155 tutors are online

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