What is the optimal price and quantity for monopoly

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Reference no: EM13772759

A monopoly has the market demand Q = 1000-1000P, with a marginal cost, MC = 0.28.

a) What is the optimal price and quantity for perfect competition?

b) What is the optimal price and quantity for monopoly?

c) Find the resulting Dead Weight Loss (DWL) from the monopoly.

Reference no: EM13772759

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