Eyeglasslux is a single-price monopolist in the eye-glass frame market. It faces a Market demand given by Q=370-2P. Its only cost is a Marginal Cost is MC-Q. What is the (absolute) deadweight loss due to monopoly? Enter a number only, no $ sign. Do NOT enter a negative sign, just the absolute value of DWL.

Economics:
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ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter25: Monopoly
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Eyeglasslux is a single-price monopolist in the eye-glass frame market. It faces a Market demand given by
Q=370-2P. Its only cost is a Marginal Cost is MC-Q.
What is the (absolute) deadweight loss due to monopoly? Enter a number only, no $ sign. Do NOT enter a
negative sign, just the absolute value of DWL.
Transcribed Image Text:Eyeglasslux is a single-price monopolist in the eye-glass frame market. It faces a Market demand given by Q=370-2P. Its only cost is a Marginal Cost is MC-Q. What is the (absolute) deadweight loss due to monopoly? Enter a number only, no $ sign. Do NOT enter a negative sign, just the absolute value of DWL.
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