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 price is $60, then consumer surplus is deadweight loss is -- and A. $800; $0 B. $800: $312.5O C. $1,600; $312.50 D. $1,600; $1,000

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Suppose demand for a product is Q = 100 -
Pand that the product's marginal cost is
equal to average cost at $35. If the
monopolist's profit-maximizing price is $60,
then consumer surplus is
deadweight loss is
%3D
and
A. $800; $0
B. $800: $312.50
C. $1,600; $312.50
D. $1,600; $1,000
Transcribed Image Text:Suppose demand for a product is Q = 100 - Pand that the product's marginal cost is equal to average cost at $35. If the monopolist's profit-maximizing price is $60, then consumer surplus is deadweight loss is %3D and A. $800; $0 B. $800: $312.50 C. $1,600; $312.50 D. $1,600; $1,000
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