A monopolist faces market demand given by P = 80

Question

A monopolist faces market demand given by P = 80 - Q.For this market,MR = 80 - 2Q and MC = 20.What is the deadweight loss due to the monopoly
A)$300
B)$450
C)$600
D)$900

Quizplus · Accepted Answer

The Answer of A monopolist faces market demand given by P = 80 - Q.For this market,MR = 80 - 2Q and MC = 20.What is the deadweight loss due to the monopoly
A)$300
B)$450
C)$600
D)$900