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Consider a monopolist facing a market demand given by P = 100 - 2Q where P...

Consider a monopolist facing a market demand given by

P = 100 - 2Q

where P Is the price and Q is the quantity. The monopolist produces the good according to the cost function c(Q)=Q2+10

(a) Determine the profit maximizing quantity and price the monopolist will offer in the market

(b) Calculate the profits for the monopolist.

(c) Calculate the deadweight loss due to a monopoly. Illustrate this In a well labelled diagram.

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