An industry with only one producer has a demand curve of P = 90 - Q, with price in dollars and quantity in thousands. The monopolist's marginal cost curve is MC = 30 + 2Q. What is the deadweight loss of monopoly in this industry? $50,000 $100,000 $37,500 $72,667

An industry with only one producer has a demand curve of P = 90 - Q, with price in dollars and quantity in thousands. The monopolist's marginal cost curve is MC = 30 + 2Q. What is the deadweight loss of monopoly in this industry? $50,000 $100,000 $37,500 $72,667

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

An industry with only one producer has a demand curve of P = 90 - Q, with price in dollars and quantity in thousands. The monopolist's marginal cost curve is MC = 30 + 2Q. What is the deadweight loss
of monopoly in this industry?
$50,000
$100,000
$37,500
$72,667

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