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Suppose a monopolist faces the following demand curve: P = 596 - 4Q Marginal cost of production is constant and equal to $60, and there are no fixed costs. What is the monopolist's profit-maximizing level of output? What price will the profit-maximizing monopolist charge? How much profit will the monopolist make if she maximizes her profit? What would be the value of consumer surplus in this monopoly market? How much consumer surplus would there be if this market was perfectly competitive? What is the value of the deadweight loss when the market is a monopoly?
Why is perfect competition usually a preferable market structure compared to monopoly? Discuss the conditions under which a monopoly would be the preferable market structure for productive efficiency.
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write a paper of approximately 750 words that answers the following questions. use the contemporary economic issue
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Which of the following theories does not support deregulation?
How does the market-oriented tradition associated with Adam Smith differ from the active government tradition advocated by Alexander Hamilton?
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