Assume that quantity demanded is given by QD= 400 - 4P and that marginal and average...

Question

Question

Assume that quantity demanded is given by QD= 400 - 4P and that marginal and average cost equal 60.

Profit is increased by ____ if this market changes from competitive to monopoly?

The amount of dead weight loss created if this market is changed from competitive to

monopoly is ___?

Answer 1

Answer #1

Profit is increased by 1600 if this market changes from competitive to monopoly?

The amount of dead weight loss created if this market is changed from competitive to

monopoly is 15200

Answer 2

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