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The figure below presents the demand curve, marginal revenue, and marginal cost facing a monopolist producer. 

a.     What is the profit maximizing level of output? 

b.     what price will the monopolist charge for the quantity in part A? 

c.     What is the value of the dead weight loss under monopoly? 

d.     What is consumer surplus under monopoly? 

Determine the loss of consumer surplus under monopoly outcomes versus efficient outcomes. 


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6 5 6 AutoSave . OFF Document2 Q Home Insert Draw Design Layout References Mailings Review View Picture Format ? Tell me Share Comments Calibri (BO... * 12 " A A Aa Ap AaBbCcDdEe AaBbCcDdEe AaBbCcDc|AaBbCcDdEr AaBb( AaBbCcDdEe Past BI Ubx x ALVA Normal No Spacing Heading 1 Heading 2 Title Subtitle Styles Dictate Pane Price ($) 55 50 45 40 35 CS 30 25 20 15 DWL 10 MC MR D 0 1 2 3 4 5 6 7 8 9 10 11 Quantity Page 3 of 4 232 words [& English (Canada) Focus E + 150%

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