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:

Article 2

A part of the Uniform Commercial Code (UCC) dealing specifically with the sale of goods in the United States.

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A term describing agreements or contracts that have legal force and can be enforced by law.

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