Determine the monopolist pro?t quantity and price

Reference no: EM133341622

Question: Monopoly and Perfect Competition 5. Suppose a monopolist has costs to produce output of TC= 10 + Q2 and faces the demand curve Q = 1000 - 3P. :

a. Determine the monopolist Pro?t quantity and price, and pro?t made.

b. Determine the dead weight loss (D.W.L) due to the monopolistic market power

c. Suppose the barrier to entry did not exist, turning the market into a perfectly competitive market, determine the long run equilibrium quantity per ?rm, price, market quantity and number of ?rms

Reference no: EM133341622

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