An industry A has an inverse demand function: P = 120 – Q2 and a total cost function: TC = 30Q Fill the following table after calculating; 1. Consumer Surplus 2. Profits 3. Total Social Welfare 4. Deadweight Loss In both perfect competition and pure monopoly

An industry A has an inverse demand function: P = 120 – Q2 and a total cost function: TC = 30Q Fill the following table after calculating; 1. Consumer Surplus 2. Profits 3. Total Social Welfare 4. Deadweight Loss In both perfect competition and pure monopoly

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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