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Compute the social cost of firm monopoly power

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Reference no: EM131433751

A small monopoly manufacturer of widgets has a constant marginal cost of $15. The demand for this firm's widgets is:

Q = 110 - 1P.

Given the above information, compute the social cost of this firm's monopoly power.

The social cost is $______.(Round your response to the nearest penny.)

Reference no: EM131433751

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