Micro

Monopoly and Perfect Competition 5. Suppose a monopolist has costs to produce output of TC= 10 + Q2 and faces the demand curve Q = 1000 - 3P. :1. Determine the monopolist Prot quantity and price, and prot made. b. Determine the dead weight loss (D.W.L) due to the monopolistic market power c. Suppose the barrier to entry did not exist, turning the market into a perfectly competitive market, determine the long run equilibrium quantity per rm, price, market quantity and number of rms