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Calculation of optimal price - quantity in monopoly

Suppose which a industry has a monopoly on a good with the following demand schedule:
Price Quantity

$10 0
9 1
8 2
7 3
6 4
5 5
4 6
3 7
2 8
1 9
0 10

a . Illustrate what price also quantity wil the monopolist produce at if the marginal cost is a constant$4 ?

b. Compute the dead weight loss from having the monopolist produce , rather than a perfect competitor

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M916940

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