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Kalamazoo Competition-Free Concrete faces demand function is Qd 16000 200 Suppose that Kalamazoo s cost function is

As in Worked-Out Problem 17.2 (page 599), Kalamazoo Competition-Free Concrete faces demand function is Qd = 16,000 - 200P. Suppose that Kalamazoo s cost function is C(Q) = 20Q + 0.01Q2 and its marginal cost is MC = 20 + 0.02Q. What is the profit-maximizing sales quantity and price? What is the deadweight loss from monopoly pricing?

Apr 05 2020 View more View Less

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