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ECO 420 - A one-price monopolist faces a demand

Question # 00541598
Subject: Economics
Due on: 06/07/2017
Posted On: 06/07/2017 01:03 AM

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A one-price monopolist faces a demand of P = 107 – 0.015Q and has a total cost function C(Q) = 5000ln(Q) + 30Q.

a) Calculate the profit of the monopolist

b) Prove that regulating the monopoly to produce with no deadweight loss will drive them out of business. Use elements from the calculations here to find the deadweight loss with a monopoly

c) Draw a picture as part of an explanations why the regulator may choose a price ? 39.33. Find the new DWL at this level of production

Tags demand faces monopolist oneprice monopoly deadweight monopolist draw calculations busine picture elements regulator level production 0 price drive choose explanations produce total cost 0015q demand faces function 5000lnq regulating prove profit calculate oneprice

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ECO 420 - A one-price monopolist faces a demand

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