The market contains 100 consumers, each of whom only desire one unit of the good. Half these consumers have a valuation equal to VH . The other half…

(Challenge Question) Provide general conditions on VH, VL and c such that there is no monopoly distortion in this market. 2. Aggregate demand curveD (VL+VH)P=cMC>0 Q MR 1. Drawn.2. Drawn. In this question there is nothing to explain, the VL and the VH just helps one tobe able to draw the curve points on the…

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