Suppose demand for a product is Q = 100 - P and that the product's marginal cost is equal to average cost at $35. If the monopolist's profit-maximizing then consumer surplus is deadweight loss is A. $800; $0 B. $800: $312.50 C. $1,600; $312.50 D. $1,600; $1,000 price is $60, and

Suppose demand for a product is Q = 100 - P and that the product's marginal cost is equal to average cost at $35. If the monopolist's profit-maximizing then consumer surplus is deadweight loss is A. $800; $0 B. $800: $312.50 C. $1,600; $312.50 D. $1,600; $1,000 price is $60, and

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter9: Monopoly

Section: Chapter Questions

Problem 33P: Draw a monopolists demand curve, marginal revenue, and marginal cost curves. Identify the...

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Question

13.

Suppose demand for a product is Q = 100 -
P and that the product's marginal cost is
equal to average cost at $35. If the
monopolist's profit-maximizing
then consumer surplus is
deadweight loss is
A. $800; $0
B. $800: $312.50
C. $1,600; $312.50
D. $1,600; $1,000
price is $60,
and

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