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(Solved): Economics: Electricity Monopoly Demand: P = 200 2Q, MC = 40. MR = 200 4Q. Equating MR and M ...



Economics: Electricity Monopoly Demand: P = 200 – 2Q, MC = 40. MR = 200 – 4Q. Equating MR and MC finds Q. Demand gives corresponding price. This sets monopoly outcome. Revenue is calculated. Efficiency loss occurs. Consumers pay more. Producer gains profit. Find the monopoly Q and P.



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