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Calculate price-quantity and deadweight loss

Assignment Help Macroeconomics
Reference no: EM1311947

Dana's Doorsteps (DD) is a monopolist in the doorstep industry. Its cost is C= 10Q and demand is P = 30- Q.

  1. What price should DD set to maximize profits?
  2. What would output be if DD acted like a perfect competitor and set P=MC?
  3. What is the deadweight loss of the monopoly?

Reference no: EM1311947

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