A monopoly that cases a demand curved is qd546-3p


A monopoly that cases a demand curved is QD=546-3P

Rearranging this yields the inverse demand curve to P=546/3-QD/3

The marginal revenue curve is MR= P=546/3-2QD/3

No fixed costs for the monopoly and the MC is constant.

AC=MC=8

What is the dead weight loss due?

Solution Preview :

Prepared by a verified Expert
Business Economics: A monopoly that cases a demand curved is qd546-3p
Reference No:- TGS02877614

Now Priced at $15 (50% Discount)

Recommended (92%)

Rated (4.4/5)