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Fynjy0 [20]
3 years ago
6

A firm with market power has an inverse demand curve of P = 450 – 5Q and marginal cost of MC = 40Q, where Q is measured in thous

ands. What is the deadweight loss from market power at the firm's profit-maximizing output level?
A. $280,000
B. $9,400
C. $22,500
D. $15,000
Business
1 answer:
seraphim [82]3 years ago
7 0
I believe the answer is b
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See below

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