A monopoly's inverse demand function is   p=160-4Q   and it has no fixed costs. Initially marginal cost is 12 (A constant MC and no fixed costs means ATC = MC, Can you prove this to yourself?).  Determine the price, quantity, consumer surplus, profit, total surplus, and deadweight loss .

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A: Referenceshttps://www.investopedia.com/terms/m/monopoly.asphttps://www.investopedia.com/terms/m/marg…

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Q: Problem 3.3 A monopoly's inverse demand function is p=160-4Q and it has no fixed costs.…

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