A monopoly has the market demand q 1000-1000p with a, Business Economics

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A monopoly has the market demand q 1000-1000p with a

A monopoly has the market demand Q = 1000-1000P, with a marginal cost, MC = 0.28.

a) What is the optimal price and quantity for perfect competition?

b) What is the optimal price and quantity for monopoly?

c) Find the resulting Dead Weight Loss (DWL) from the monopoly.

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Business Economics: A monopoly has the market demand q 1000-1000p with a

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Business Economics: A monopoly has the market demand q 1000-1000p with a

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