Question

For a perfectly competitive industry , the Marginal

Q: For a perfectly competitive industry , the Marginal cost of producing good X is Rs.10 and that

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cost of producing good X is Rs.10 and that for a Monopoly firm is Rs.12. The demand function for the firm is Q = 1000-50P. Calculate the difference in Consumer surplus for the Perfectly Competitive industry and the Monopoly firm

A 2000

B 2100

C 2200

D 2300

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Question

For a perfectly competitive industry , the Marginal

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