The industry demand curve for a particular market is:
Q = 1800 - 200P.
The industry exhibits constant long run average cost at all levels of output,regardless of the market structure.Long run average cost is a constant $1.50 per unit of output.Calculate market output,price (if applicable),consumer surplus,and producer surplus (profit)for each of the scenarios below.Compare the economic efficiency of each possibility.
a.Perfect Competition
b.Pure Monopoly (hint: MR = 9 - 0.01Q)
c.First Degree Price Discrimination

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The Answer of The industry demand curve for a particular market is:
Q = 1800 - 200P.
The industry exhibits constant long run average cost at all levels of output,regardless of the market structure.Long run average cost is a constant $1.50 per unit of output.Calculate market output,price (if applicable),consumer surplus,and producer surplus (profit)for each of the scenarios below.Compare the economic efficiency of each possibility.
a.Perfect Competition
b.Pure Monopoly (hint: MR = 9 - 0.01Q)
c.First Degree Price Discrimination

The Industry Demand Curve for a Particular Market Is