Final question 2

C) .T =3 Path: p Words:69 QUESTION 2 Consider a monopoly market, where the market demand is P = 100 - 5Q. The monopolist has a constant marginal cost and average cost of $20. a. Write the monopolist's marginal revenue (MR) as a function of Q. (4 points) . b. Calculate the quantity of output the monopolist will produce and the price it will charge, as well as the profit it earns. (12 points). C. Calculate the firm's price, quantity and profit if it behaved competitively. (8 points) d. Quantify the Deadweight loss due to monopoly power. (12 points) T T T Arial 3 (12pt) V THE E