How much profit monopolist make if she maximizes profit

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Q. Assume a monopolist faces following demand curve: P=596-6Q. Marginal cost of production is constant and equal to $20 and re are no fixed costs.

Illustrate what is monopolist's profit maximizing level of output?

Illustrate what cost will profit maximizing monopolist produce?

How much profit will monopolist make if she maximizes her profit?

Illustrate what would be value of consumer surplus if market were perfectly competitive?

Illustrate what is value of deadweight loss when market is a monopoly?"

Reference no: EM1367522

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