Calculate the amount of consumer surplus

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The demand curve for a bottled water manufacturer is D: P = 40 - 2Q and the supply curve is S: P = 4 + 2Q. Calculate the perfectly competitive equilibrium quantity.

Question 1- Calculate the amount of consumer surplus that is transferred to the monopolist in the form of extra profits.

Question 2- Calculate consumer surplus under the monopolist equilibrium.

Reference no: EM133447801

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