Question

1. It is given that fixed cost of a Monopolist is $48. The situation is summarized in the following diagram A. Find profit maximizing price and quantity for the monopolist? [2] B. What is the efficient price? [1] C. Calculate deadweight loss from the monopolist’s maximizing profits? [2] D. What are the monopolist’s profits at the profit maximizing price? [2]

Answer 1

Answer:

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Explanation:

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