Question: a small, isolated town in which a brewery faces the following inverse demand: P = 1 5 0 . 3 3 Q . The brewery
a small, isolated town in which a brewery faces the following inverse demand: P Q The brewery can produce beer at a constant marginal and average total cost of $ per bottle. a Calculate the profitmaximizing quantity and price. Specify all amounts to two decimal places. b Calculate consumer and producer surplus and the deadweight loss from market power.
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