What is the deadweight loss associated with the monopoly

Reference no: EM13197075

A monopolist faces a demand curve given by: P = 70 - 2Q, 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 $6. There are no fixed costs of production. What is the deadweight loss associated with this monopoly?

Reference no: EM13197075

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