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Suppose that the inverse demand for a product is represented by the equation P = 60 - 20, where P is the price in Euros

Suppose that the inverse demand for a product is represented by the equation P = 60 - 20, where P is the price in Euros and Q is the annual output. Suppose that only one rm produces this product and that the marginal cost is represented by the equation 20. Calculate the deadweight loss that arises when the monopolist chooses price and quantity to maximise prots

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