Assume that monopolist has demand curve

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Reference no: EM131388827

Assume that a monopolist has a demand curve given by P = 1500 − 4Q, and T C = 100 + 5Q2 with MC = 10Q.

1. How much profit does the firm make?

2. Show on the graph whether this market is operating efficiently.

3. Calculate the dead weight loss.

4. calculate the producer surplus.

Reference no: EM131388827

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