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(Solution) - XYZ Corporation is a monopolist of widgets The annual inverse

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XYZ Corporation is a monopolist of widgets. The annual inverse demand function for widgets is P(Q) = 1,000 - 5Q. XYZ's annual cost function is C(Q) = 400Q + 5Q2. What is its profit-maximizing price and (annual) quantity sold? What is the deadweight loss from monopoly pricing?

 







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This question was answered on: Jul 11, 2017

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