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The Total Cost Function for a Monopolist Is TC =

Question 30

Multiple Choice

The total cost function for a monopolist is TC = 100 + 4Q2. If the demand for the monopolist's output can be expressed as P = 120 - 2Q, the deadweight loss to society of this monopoly is equal to:


A) 100.
B) 60.
C) 40.
D) 20.

Correct Answer:

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