Estimate the profit maximizing quantity


The demand curve facing a monopoly firm is given by the equation P = 1000-5Q. The firm produces at a constant marginal and the average cost equal to $100. Using this information, determine the profit maximizing quantity, the profit maximizing price, total revenue, total cost, firm profits, consumer surplus, and the deadweight loss.

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Macroeconomics: Estimate the profit maximizing quantity
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