Suppose that a firm has a monopoly on a good withthe following demand schedule:Q
Suppose that a firm has a monopoly on a good withthe following demand schedule:Quantity Price0 $101 $92 $83 $74 $65 $56 $47 $38 $29 $110 $0a. What price and quantity will the monopolist produceat if the marginal cost is a constant $4?b. Calculate the deadweight loss from havingthe monopolist produce rather than a perfectcompetitor.
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