Asume that a monopolist has a demand curve given by p , Business Economics

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Asume that a monopolist has a demand curve given by p

Assume that a monopolist has a demand curve given by P = 1500 − 4Q, and T C = 100 + 5Q2 with MC = 10Q.

1. How much profit does the firm make?

2. Show on the graph whether this market is operating efficiently.

3. Calculate the dead weight loss.

4. calculate the producer surplus.

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Business Economics: Asume that a monopolist has a demand curve given by p

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Business Economics: Asume that a monopolist has a demand curve given by p

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