The inverse demand for a product is P(Q) =30-2Q. Hence, marginal revenue is MR(Q) =30-4Q. The total cost of production is C(Q) =20+Q2 , which implies that the marginal cost is MC(Q) =2Q. Now imagine that there is a price ceiling set at P =14. The deadweight loss in the market is now ________.

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Q: followings are the information about these firms.

A: Answer

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A:

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