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Monopoly standard case suppose kaiser permanente holds a

Question: Monopoly, standard case. Suppose Kaiser Permanente holds a monopoly on health services in the Oakland area. Its total cost of providing health services is given by T C(Q) = 25Q + 2Q2 , where Q represents the number of health services provided. The local market demand for these services is given by QD = 500 - 2P.

(a) What quantity of services will Kaiser choose to produce?

(b) What is Kaiser Permanente's Lerner Index?

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