If the inverse demand curve a monopoly faces is p=100 -2Q, and MC is constant and always equal = 16, then at the profit maximizing output level, the monopoly price in this market would be equal to:
The answer is 441 but I do not understand how to solve
If the inverse demand curve a monopoly faces is p=100 -2Q, and MC is constant at 16, then the deadweight loss from monopoly equals:
The answer is 58 but I do not understand how to solve problem.