A monopolist faces demand function P=100-Q. The Total Cost of production of...
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A monopolist faces demand function P=100-Q.
The Total Cost of production of the firm is 500+28Q+Q
Suppose the government enforces a ceiling price P*. It is found that the deadweight loss under regulated equilibrium is same as the deadweight loss under unregulated equilibrium. Based on this information, calculate P*
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