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Deadweight Loss-
Given the following information:
Qs = 2P
P = Qs/2
QD= 180 - 4P
P = (QD -180)/-4
AR = P = 45-.25Q
TR = 45 - .25Q2
Hint: MC - supply curve
MR = 45 - 5Q
Qs = supply
Qd = demand
A) Using the above information,
1) Graph and calculate the price-output solution under competitive market assumptions.
2) How much is the
-consumer surplus
-producer surplus and
-total surplus?
B) Calculate the price and the quantity demanded and supplied if the market is run by a profit maximizing monopoly
C) What is the deadweight loss if the market is run as a profit maximizing monopoly?
D) How much producer surplus is there if the market is operated as a monopoly?
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