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QUESTION

Find the deadweight loss when the monopolists sets one price given the following inverse demand, marginal revenue, and marginal cost functions:...

Find the deadweight loss when the monopolists sets one price given the following inverse demand, marginal revenue, and marginal cost functions:

Inverse Demand: P = 200 - (1/10)Q

Marginal Revenue = 200 - (1/5)Q

Marginal Cost = 40

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