olist's demand curve is given as : q = 200-4p and the monopoly's cost function is given as C(q) = 20q. (a) Find the profit maximizing output, price and economic profit for this monopoly. (b) Explain if a monopoly is efficient or not with the help of a diagram

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 A monopolist's demand curve is given as : q = 200-4p and the monopoly's cost function is given as C(q) = 20q.
(a) Find the profit maximizing output, price and economic profit for this monopoly.
(b) Explain if a monopoly is efficient or not with the help of a diagram.
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