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What is the consumer surplus of monopoly

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Consider a monopoly where the inverse demand for its product is given by P = 50 - 2Q. Total costs for this monopolist are estimated to be C(Q) = 100 + 2Q + Q2. What are the firm's Quantity, Price, Revenue and Profit at the profit-maximizing combination of output and price:

A. As described above (the firm is a monopolist), what are the (i) Quantity, (ii)Price, (iii) Revenue and (iv) Profit expected:

B. If, instead of being a monopolist, the firm were in perfect competition, what would be the (i) Quantity, (ii)Price, (iii) Revenue and (iv) Profit:

C. What is the Deadweight loss of the monopoly?

D. What is the Consumer Surplus of the monopoly?

Reference no: EM133314010

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