What is the monopolists profit-maximizing level of output

Reference no: EM13238234

Suppose a monopolist faces the following demand curve:

P = 596 - 6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs.

What is the monopolist's profit-maximizing level of output, profit-maximizing price, maximized profit, the value of consumer surplus if the market were perfectly competitive, and the deadweight loss when the market is a monopoly?

Reference no: EM13238234

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