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  3. consider a monopolist with a total cost of tc=9+q

Consider a monopolist with a total cost of TC=9+Q and marginal cost of $1 (MC=1). The...

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Economics

Consider a monopolist with a total cost of TC=9+Q and marginalcost of $1 (MC=1). The monopolist faces a demand curve ofP=11-Q.

1. Graph the monopolist

2. Find price and quantity that the monopolist charges.

3. Find the profit and consumer surplus.

4. Find the deadweight loss to welfare.

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