Business, 13.11.2020 16:50 BaileyElizabethRay
Suppose that market demand is Q = 660 – 12P and marginal cost is MC = 5. The consumer surplus in a perfectly competitive market is $, while the consumer surplus in a monopoly market is $ .
a. 5,000; 3,750
b. 15,000; 7,500
c. 15,000; 3,750
d. 0; 7,500
Answers: 3
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Suppose that market demand is Q = 660 – 12P and marginal cost is MC = 5. The consumer surplus in a p...
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