- #1
domyy
- 196
- 0
Hello guys,
There is something that I should study but is not on my book.
I am trying to find other explanations online but I can't.
So, it's pretty much to calculate quantity and price for perfect competition and monopolistic competition.
Then, consumer surplus for perfect competition and monopolistic competition.
Then, ∏ (profit) for both,
Then, deadweight loss for both.
Then, I should graph it. Take all the numbers, the information I got, and have them in one graph.
But I am lost. This is one of the examples my prof gave in class. I would like someone to give me, PLEASE, a better and easier explanation.It all starts with P = 12 - 2Q MC = 4
There is something that I should study but is not on my book.
I am trying to find other explanations online but I can't.
So, it's pretty much to calculate quantity and price for perfect competition and monopolistic competition.
Then, consumer surplus for perfect competition and monopolistic competition.
Then, ∏ (profit) for both,
Then, deadweight loss for both.
Then, I should graph it. Take all the numbers, the information I got, and have them in one graph.
But I am lost. This is one of the examples my prof gave in class. I would like someone to give me, PLEASE, a better and easier explanation.It all starts with P = 12 - 2Q MC = 4
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