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MC = 0

$. D. Q. MC = 0. In the graph we have the demand from consumers and we see the marginal cost of production is 0. So in the graph the price and quantity that would occur in both a monopoly situation and in a competitive environment.

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MC = 0

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  1. $ D Q MC = 0

  2. In the graph we have the demand from consumers and we see the marginal cost of production is 0. So in the graph the price and quantity that would occur in both a monopoly situation and in a competitive environment. Compare the consumer surplus between the monopoly and competitive situations. Comment on the monopoly transfer and the deadweight loss (show where they are in the graph and explain what they mean.

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