Answer the following questions for the single priced, Business Economics

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Answer the following questions for the single priced

Answer the following questions for the single priced monopolist sketched above if the demand curve shown above is P = 21 - .5Q and the marginal cost curve is MC = .5Q. Fixed costs are 20. What is the single price monopolist’s profit? What is the deadweight loss imposed on society? What is the value of the consumer surplus that is generated?

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Business Economics: Answer the following questions for the single priced

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