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1. Let demand for car batteries be such that Q= 100 - 2P. Assume constant marginal...

1. Let demand for car batteries be such that Q= 100 - 2P. Assume constant marginal costs of 15. Compute the equilibrium price, quantity, consumer surplus, producer surplus and if relevant deadweight loss for:

1) A perfectly competitive firm

2) A monopoly

3) Two firms engaged in Cournot Competition

4) Two firms engaged in Bertrand Competition

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