Question

The marginal cost of a monopolist is constant and is $10. The demand curve and marginal revenue curves are given as follows: demand: Q = 100 - P marginal revenue: MR = 100 - 2Q What is the deadweight loss that this monopoly creates? Show your work.

Answer 1

Question: The marginal cost of a monopolist is constant and is $10. The demand curve and marginal revenue curves are given as follows: demand: Q = 100 - P marginal revenue: MR = 100 - 2Q What is the deadweight loss that this monopoly creates? Show your work. Answer: $1012.50.

Step-by-step explanation: