Calculation of optimal price

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Reference no: EM1311679

Suppose that a firm has a monopoly on a good with the following demand schedule:

Price	Quantity
$10	0
9	1
8	2
7	3
6	4
5	5
4	6
3	7
2	8
1	9
0	10

a . What price and quantity will the monopolist produce at if the marginal cost is a constant$4 ?

b. Calculate the dead weight loss from having the monopolist produce , rather than a perfect competitor

Reference no: EM1311679

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