In a monopoly market, the inverted demand function 𝑝 (𝑄) = 100 −2𝑄 and the monopolist's margin
Posted: Wed Mar 09, 2022 8:28 am
In a monopoly market, the inverted demand function
𝑝 (𝑄) = 100 −2𝑄
and the monopolist's marginal cost function
𝑀𝐶 (𝑄) = 10 + 2𝑄
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)
𝑝 (𝑄) = 100 −2𝑄
and the monopolist's marginal cost function
𝑀𝐶 (𝑄) = 10 + 2𝑄
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)