A profit-maximising firm faces a downward-sloping demand curve for its output and  has marginal costs that increase with output. Show, on a single diagram, how its  profit maximisation decision can be represented both in terms of a feasible set  optimisation and its marginal revenue and marginal cost. Why is there a deadweight  loss in this case?

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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A profit-maximising firm faces a downward-sloping demand curve for its output and 
has marginal costs that increase with output. Show, on a single diagram, how its 
profit maximisation decision can be represented both in terms of a feasible set 
optimisation and its marginal revenue and marginal cost. Why is there a deadweight 
loss
in this case? 

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