The market demand is P=100-1.5Q and marginal & average costs are constant at 10 (MC=AC=10) find the monopoly price and quantity. find the perfect competition price and quantity. calculate profit, social welfare(consumer and producer surpluses), and dead weight loss in both situations. if a duopoly exists and produces quantity Q=50, calculate the price and profit of each firm

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14 Mar 2019

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