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What is the profit maximizing price and output

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Reference no: EM131186129

Your firm, a monopolist has been given the following demand and cost functions: P = 100 - 2Q and C(Q) = 50 + Q2.

a. What is the profit maximizing price and output for this monopolist?

b. Use a graph to determine the mathematical solution shown in a).

c. Use the graph to show the monopolist profits and the deadweight loss to society.

d. Calculate the amount of deadweight loss to society.

Reference no: EM131186129

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