Ask Question
5 June, 15:18

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 thousands. 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

+1
Answers (1)
  1. 5 June, 17:22
    0
    I believe the answer is b
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 thousands. What ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers