Elucidate what would be p and q in a competitive industry

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Reference no: EM1365225

Demand curve given faced by a monoplist: P-11-Q

a) find the MR curve for monopolist

b) at what Q is TR max.

c) if a $10 per unit tax was imposed on the monopolist, what is the profit -max output for a monopoly? what is the monopoly price and profit?

d) what would be the P and Q in a competitive industry.

e) Find CS and PS for a competitive industry and a monopoly. compare them.

Reference no: EM1365225

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