What is the deadweight loss imposed on society

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Answer the following questions for the single priced monopolist sketched above if the demand curve shown above is P = 21 - .5Q and the marginal cost curve is MC = .5Q. Fixed costs are 20. What is the single price monopolist’s profit? What is the deadweight loss imposed on society? What is the value of the consumer surplus that is generated?

Reference no: EM131109512

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