Calculate the equilibrium price and quantity

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Reference no: EM13748902

Based on this information, calculate the equilibrium price and quantity in this market.
Equate ss with dd
40-P= -5 +4P
P= 45/5 = 9 and
Q= 40-9 =31
Now, suppose the competitive market is monopolized. Calculate the price and quantity for the monopolist.

Reference no: EM13748902

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