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Market demand for lifetime sales of the product is P=12000-2Q Research and development fixed cost of...

Market demand for lifetime sales of the product is P=12000-2Q

Research and development fixed cost of $2000000.its mariginal cost are $1000 for the first 1500 impants.From 1501 implant onwards marginal cost increase to $2000 as they have to pay overtime charges.

Calculate producer and consumer surplus under monopoly.Compare these figures to the producer and conusmer surpluses under perfect competition and explain why there is a difference

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