Assume a monopolist faces the following demand curve p 180, Ask an Expert

Economics

Assume a monopolist faces the following demand curve:

P = 180 - 4Q. Marginal cost of production is stable and equal to $20, and there're no fixed costs.

A) What is the monopolist's profit maximizing level of output?

B) What price will the profit maximizing monopolist charge?

C) How much profit will the monopolist make if she maximizes her profit?

D) Find out the value of consumer surplus?

E) Find out the value of the deadweight loss created by this monopoly?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9305843

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