A monopolist faces the demand curve Q=11-P, where P is measured in dollars per unit and Q in thousands of units. The monopolist has a constant average total cost of $6 per unit. Fill in the blanks. In this market, what is the deadweight loss?

Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Monopoly
Section15.3: The Welfare Cost Of Monopolies
Problem 3QQ
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A monopolist faces the demand curve Q=11-P, where P is measured in dollars per unit and Q in thousands of units. The monopolist has a constant average total cost of $6 per unit.

Fill in the blanks. In this market, what is the deadweight loss?

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