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​​​​​ A monopolist faces an inverse demand curve P(Q)= 115-4Q and cost curve of C(Q)=Q2-5Q+100. Calculate...

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  1. A monopolist faces an inverse demand curve P(Q)= 115-4Q and cost curve of C(Q)=Q2-5Q+100.
  1. Calculate industry output, price, consumer surplus, industry profits, and producer surplus if this firm operated as a competitive firm and sets price equal to marginal cost.
  1. Calculate the dead weight loss sue to monopoly.
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