In panel b of Figure 12.4, the single-price monopoly faces a demand curve of p = 90

Question:

In panel b of Figure 12.4, the single-price monopoly faces a demand curve of p = 90 - Q and a constant marginal (and average) cost of m = $30. Find the profit-maximizing quantity (or price) using math. Determine the profit, consumer surplus, welfare, and deadweight loss. M

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