PROBLEM II. In a market of a certain product, there is a monopolist with a cost...

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PROBLEM II. In a market of a certain product, there is a monopolist with a cost function C(Q) = 2, while the inverse demand function is given by P)600 2Q. Compute the monopoly equilibrium quantity Qm and price Pm, Q3. The monopoly equilibrium quantity Qis (a) Q 240 (b) Q60.

(c) Q90. (dQ 180 (e) Qm 120 Q4. The monopoly equilibrium price Pm is (a) Pm 240 (b) Pm 220 (c) Pm 360 (d) Pm 420 (e) Pm 380 Q5. The socially optimal quantity Q is (a) 200 (b) Q s0. (c) 160. (d) 360. (e) Q 180 Q6. Compute the aggregate consumer surplus under the monopoly equilib- um (a) 14,400 (b) 16,000 (c) 8,200 (d) 9,600 (e) 4,800 Q7. What is the size of deadweight loss due to monopoly in this market? (a) 14,400 (b) 16,000 (c) 8,200 (d) 9,600 (e) 4,800

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のate: 014 at meaw come dl) 360 ocia づ1/ x 120 x (600-360) as per HomeworkLib policy we need to answer maximum four question at once so please ask the other as separate one

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PROBLEM II. In a market of a certain product, there is a monopolist with a cost...

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