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Homework answers / question archive / Under the following conditions, what are the equilibrium price and quantity of health care goods? There are many health care patients but only one private for-profit hospital

Under the following conditions, what are the equilibrium price and quantity of health care goods? There are many health care patients but only one private for-profit hospital

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Under the following conditions, what are the equilibrium price and quantity of health care goods? There are many health care patients but only one private for-profit hospital. Calculate the consumer surplus, producer surplus, total costs of care and dead weight loss. What are the implications of this model, compared to the model?

Demand Curve P=24-2Q

Marginal Revenue Curve P=24-4Q

Marginal Cost Curve P=2Q

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