Question: A monopoly has an inverse demand function given by p = 4 8 0 4 Q and a constant marginal cost of 4 0 .

A monopoly has an inverse demand function given by p =4804Q and a constant marginal cost of 40. Calculate the deadweight loss if the monopoly charges the profitmaximizing price.
B.
the firm can sell all of its output at any price.
C.
the firm has no supply curve.
D.
the demand for the firm's output is perfectly elastic.

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