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Answer to Question #91111 in Microeconomics for Rimie
Question #91111
The demand is given by P = 20 – 0.1Q, where P is the price and Q is the quantity demanded. The monopolist’s total cost is C = 120 + 2Q + 0.05Q2. Find
a. Profit-maximizing price and quantity;
b. Monopolist’s profits
c. Consumer surplus
d. Deadweight loss
a. Profit-maximizing price and quantity;
b. Monopolist’s profits
c. Consumer surplus
d. Deadweight loss
Expert's answer
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