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      Question

         For a perfectly competitive industry , the Marginal

      cost of producing good X is Rs.10 and that for a Monopoly firm is Rs.12. The demand function for the firm is Q = 1000-50P. Calculate the difference in Consumer surplus for the Perfectly Competitive industry and the Monopoly firm
      A 2000 Correct Answer Incorrect Answer
      B 2100 Correct Answer Incorrect Answer
      C 2200 Correct Answer Incorrect Answer
      D 2300 Correct Answer Incorrect Answer

      Solution

       

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