What is total welfare if there is no government intervention

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Reference no: EM131112417

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a. What is the total welfare if there is no government intervention?

b. What is the total welfare if the government provides a production subsidy of s per unit?

c. What is the gain or loss in welfare if the government provides a production subsidy of s per unit compared with the unregulated monopoly (this is, Welfare with subsidy - Welfare with no subsidy)?

Reference no: EM131112417

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