In a monopoly market, the inverted demand function
π (π) = 100 β2π
and the monopolist's marginal cost function
ππΆ (π) = 10 + 2π
How big is the deadweight loss because it is a market with a
monopoly, and not a perfect competitive market?
(right answer is 112.5, but I need step by step explanation, if
possible preferably no paper answer)
In a monopoly market, the inverted demand function 𝑝 (𝑄) = 100 β2𝑄 and the monopolist's margin
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am