Hawkins MicroBrewery has a monopoly on Oatmeal Stout in the local market.The demand is: The resulting marginal revenue function is MR(Q)= 50 - Q.Hawkins marginal cost of producing Oatmeal Stout is MC(Q)= 5 + Q.Calculate Hawkins profit maximizing output.Calculate the social cost of Hawkins monopoly power.

Question

Hawkins MicroBrewery has a monopoly on Oatmeal Stout in the local market.The demand is:  The resulting marginal revenue function is MR(Q)= 50 - Q.Hawkins marginal cost of producing Oatmeal Stout is MC(Q)= 5 +  Q.Calculate Hawkins profit maximizing output.Calculate the social cost of Hawkins monopoly power.

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The Answer of Hawkins MicroBrewery has a monopoly on Oatmeal Stout in the local market.The demand is:  The resulting marginal revenue function is MR(Q)= 50 - Q.Hawkins marginal cost of producing Oatmeal Stout is MC(Q)= 5 +  Q.Calculate Hawkins profit maximizing output.Calculate the social cost of Hawkins monopoly power.

Hawkins MicroBrewery Has a Monopoly on Oatmeal Stout in the Local