Question: Problem 3 : A Monopoly Example [ 8 Points ] Consider a firm which acts as a Monopolist. This firm has the following Cost Curve:

Problem 3: A Monopoly Example [8 Points]
Consider a firm which acts as a Monopolist. This firm has the following Cost Curve:
TC=40+0.5Q2
Which implies that:
MC=Q
This market also has the following Demand Curve:
Q=200-4p
What is this monopolist's Marginal Revenue Curve as a function of Q?[1 point]
What is this monopolist's Profit-Maximizing choice of p and Q?[2 points]
What is the Producer Surplus (PS), Consumer Surplus (CS), and Deadweight Loss (DWL) under this monopoly? [3 points]
What is this monopolist's (maximized) accounting profits? Why is this not equal to their Producer Surplus? [2 points]
Problem 3 : A Monopoly Example [ 8 Points ]

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