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  3. 1 consider a market with inverse demand p 100 q...

Question: 1 consider a market with inverse demand p 100 q...

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1. Consider a market with inverse demand P) 100 Q. A monopolist with linear cost C(Q) 20Q serves this market. (a) Find the monopolists optimal price and quantity (b) Find the price, quantity, profit, consumer surplus, and social welfare under perfect competition (c) Find the optimal profit, consumer surplus, social welfare and the deadweight loss for monopoly. (d) what is the % loss in social welfare as we move fron perfect competition to monopoly

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