What price will the profit-maximizing monopolist set, Microeconomics

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What price will the profit-maximizing monopolist set

Problem

The demand curve for a certain good is P = 100 - Q. The marginal cost for a monopolist is MC(Q) = Q, for Q ≤ 30. The maximum that can be supplied in this market is Q = 30, that is, the marginal cost is infinite for Q > 30.

a) What price will the profit-maximizing monopolist set?

b) What is the deadweight loss due to monopoly in this market?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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