Monopolists profit maximizing price and level of output

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Reference no: EM13987149

From the equations below find:

a. competitive equilibrium

b. monopolists profit maximizing price and level of output

c. calculate the consumer surplus for both a and b

d. graph both a, b and c in one graph

e. how much benefit is lost to consumers by allowing a monopoly

f. why are monopolies illegal from an economic point of view

P=-4Q+100

P=Q+10

Reference no: EM13987149

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