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1. Suppose the market demand for a particular product is given:
P = 10 - 0.002Q, and the industry marginal cost is MC = 4 + 0.001Q.Compare the welfare between the market structures of perfect competition and monopoly.
year nbsp y nbsp nbsp nbspp nbsp nbsp t nbsp nbsp i nbsp nbsp h1986 1200 15 1800 2900 501987 1190 15 1790 3100 501988
1.Think of two things that are provided free of charge.
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