Econ – Monopoly and Deadweight

Econ – Monopoly and Deadweight

Question
	
Suppose that a firm has a monopoly on a good with

the following demand schedule:
Quantity Price

0 $10

1 $9

2 $8

3 $7

4 $6

5 $5

6 $4

7 $3

8 $2

9 $1

10 $0















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a. What price and quantity will the monopolist produce

at if the marginal cost is a constant $4?

b. Calculate the deadweight loss from having

the monopolist produce, rather than a perfect

competitor.