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The demand for a monopolist’s product is P 40 2Q the monopolist’s total cost function is: TC = 8Q + 0.5Q^2 Under free monopoly what is the numerical value of the dead-weight loss

The demand for a monopolist’s product is: P = 40 -2Q; the monopolist’s total cost function is: TC = 8Q + 0.5Q^2.(a)Under free monopoly, what is the numerical value of the dead-weight loss (DWL)? (b) Compute the monopolist’s break-even points and graph in the same diagram, demand (D), marginal revenue (MR), marginal cost (MC) and average cost (AC); in diagrams directly below, graph total revenue (TR), total cost (TC) and profit (pi).(c) Under short-run regulation, what are the market gains?

Jun 06 2020 View more View Less

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