A small monopoly manufacturer of widgets has a constant marginal cost of $15. The demand for this firm's widgets is Q=105-2P. Given the above information, compute the social cost of this firm's monopoly power The social cost is $ (Round your response to the nearest penny)

A small monopoly manufacturer of widgets has a constant marginal cost of $15. The demand for this firm's widgets is Q=105-2P. Given the above information, compute the social cost of this firm's monopoly power The social cost is $ (Round your response to the nearest penny)

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter28: Antitrust And Regulation

Section: Chapter Questions

Problem 8E

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