Multiple Choice
Figure 10.2
-The marginal cost of a monopolist is constant and is $10. The demand curve and marginal revenue curves are given as follows:
Demand: Q = 100 - P
Marginal revenue: MR = 100 - 2Q
The deadweight loss from monopoly power is ________.
A) $1000.00
B) $1012.50
C) $1025.00
D) $1037.50
E) none of the above
Correct Answer:
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