Quiz11_F10 - b. (2) Graph the above situation and indicate...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
3550 Quiz11 F10 Last Name: ______________ First Name:___ The Denton Oaks Golf Club (DOG Club) is the only golf course in Denton County and as such has monopoly power with demand of: P = 200-2Q. Their Marginal Cost of providing a round of golf is $20. a. (4) What are the DOG club’s profit maximizing price and quantity?
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: b. (2) Graph the above situation and indicate the profit maximizing price and quantity for DOG Club. c. (2) Find the socially desirable output level (or the efficient output level). d. (2) Calculate the deadweight loss associated with this monopoly....
View Full Document

This note was uploaded on 03/14/2012 for the course ECON 2243 taught by Professor Henryfors during the Spring '12 term at Abant İzzet Baysal University.

Ask a homework question - tutors are online