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Five networks are vying to receive the pay-per-view broadcast rights to the World Series of Yahtzee. Each estimates that the inverse demand for watching this nail-biter of an event is given by P = 100 ? 0.01Q. Each can provide the broadcast at a constant marginal cost of $1 per viewer. Calculate the deadweight loss of monopoly in the market for the televised Yahtzee tournament.

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Business Economics, Economics

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