Scenario 15-3 Suppose a Monopolist Has a Demand Curve That Can Be

question 57

Multiple Choice

Scenario 15-3
Suppose a monopolist has a demand curve that can be expressed as P=90-Q.The monopolist's marginal revenue curve can be expressed as MR=90-2Q.The monopolist has constant marginal costs and average total costs of $10.
-Refer to Scenario 15-3.The profit-maximizing monopolist will have a deadweight loss of

• A) $6,400.
• B) $3,200.
• C) $1,600.
• D) $800.

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Definitions:

Acidic Water

Water with a pH less than 7, indicating it has a higher concentration of hydrogen ions than pure water.

Phosphoglyceride

A type of glycerophospholipid which is a major component of cell membranes, composed of two fatty acids, a glycerol unit, and a phosphate group.

Cephalin

A class of phospholipids found in animal and plant cells, important for the formation of biomembranes and involved in signaling pathways.

Polar Head Group

The part of a molecule (e.g., in a phospholipid) that is hydrophilic due to its electronegativity, leading to interactions with water.