<![CDATA[Amy Sheldon : Activity]]> Elgg http://www.college-cram.com/study/amys/ <![CDATA[Need help with microeconomics]]> http://www.college-cram.com/study/amys/weblog/need-help-with-microeconomics http://www.college-cram.com/study/amys/weblog/need-help-with-microeconomics Sun, 31 May 2009 17:28:32 GMT market demand is p=60-Q and mc=q

Calculate the monopolist's profit maximizing output and price.

 if the monopolist chose to sell at the perfectly competitive price and quantity, what would it be?

Then what is the total consumer surplus when the monopoly price is set and when the perfectly competitive price is set?

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