Calculate the price and profit of each firm

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The market demand is P=100-1.5Q and marginal & average costs are constant at 10 (MC=AC=10) find the monopoly price and quantity. Find the perfect competition price and quantity. Calculate profit, social welfare (consumer and producer surpluses), and dead weight loss in both situations. If a duopoly exists and produces quantity Q=50, calculate the price and profit of each firm.

Reference no: EM13815676

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