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Deadweight loss associated with monopoly

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Reference no: EM131437885

A monopolist faces a demand curve given by: P = 210 - 5Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $60. There are no fixed costs of production. What is the deadweight loss associated with this monopoly?

  • $281.25.
  • $562.50.
  • $1125.
  • $2250.
  • None of the Above.

Reference no: EM131437885

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