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 =150.33Q. The brewery can produce beer at a constant marginal and average total cost of $10.00 per bottle. a. Calculate the profit-maximizing 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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