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Unformatted text preview: answer is correct and 0 if it is not correct. 1. A monopolist faces inverse demand P = 60 3 q and has a marginal cost of MC = 12. What is her proFt-maximizing quantity and price? q = and p = 2. What is the deadweight loss if she chooses her proFt-maximizing quantity and price? DWL = 3...
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This note was uploaded on 05/08/2011 for the course ECON 100B taught by Professor Kilenthong during the Spring '08 term at UCSB.
- Spring '08