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1. Suppose Varian is the sole supplier of economic textbooks to the University of Florida. Let the demand for Varian's textbook be P(q) = 20

1. Suppose Varian is the sole supplier of economic textbooks to the University of Florida. Let the demand for Varian's textbook be P(q) = 20 0.01q, and the marginal cost of printing each copy be $4

Calculate the deadweight loss caused by this monopoly. Hint: A graph may be helpful to identify the loss in social welfare.

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