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What does the mean about ability to identify market power

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Suppose that the demand curve is P = 100 + Y - 5Q. Assume that the marginal cost for a monopolist is MCM = 5Q and that the supply curve for a competitive industry is P = 10Q. Verify that regardless of the value of Y , Qm = QC . What does this mean about the ability to identify market power if marginal costs are unobservable? Why?

Reference no: EM13874754

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