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Suppose that a firm 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 . What price and quantity will the monopolist produce at if the marginal cost is a constant$4 ?

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

 

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M9162057

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