3. The marginal cost of a monopolist is constant and is $10. The demand curve is given as follows: P = 100 Q. a. Calculate
3. The marginal cost of a monopolist is constant and is $10. The demand curve is given as follows: P = 100 Q. a. Calculate the monopolist's prot maximizing quantity and price. (5 points) b. Mathematically calculate the deadweight loss that results in this market. (5 points) 0. Graphically illustrate the deadweight loss in this market. (5 points)
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