What is the socially optimal quantity of output
Suppose a monopolist's per-period demand curve for a new drug is given by p = 100 - q, and its marginal cost (mc) curve is given by an upward sloping (not flat) line mc = 2q. What is the socially optimal quantity of output, q*?
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suppose a monopolists per-period demand curve for a new drug is given by p 100 - q and its marginal cost mc curve is
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