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What is the value of the deadweight loss created by this monopoly ?

Suppose the monopolist faces the following demand curve: P = 140 - 6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs. What is the monopolist's profit maximizing level of output?Annotation 2019-05-01 224500.jpg

Annotation 2019-05-01 224500.jpg

What is the value of the deadweight loss created by this monopoly ?
O DWL = $200
O DWL = $400
O DWL = $600
O DWL = $800
O DWL = $1000
Onone of the above

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 P = 140 - 6Q. profit is maximised where MR=MC TR= Q( P = 140 -... View the full answer

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