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Business, 29.07.2020 22:01 GreenHerbz206

Scenario: Home Monopolist) A monopolist faces a demand curve given by P = 60 ?2Q and has total costs given by TC = Q2. Its marginal revenue is MR = 60 ?4Q and its marginal cost is MC = 2Q. Compared with the no-trade equilibrium, consumer surplus when the monopolist engages in free trade.

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Scenario: Home Monopolist) A monopolist faces a demand curve given by P = 60 ?2Q and has total costs...
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