Consider a Monopoly Where the Inverse Demand for Its Product

Multiple Choice

Consider a monopoly where the inverse demand for its product is given by P = 80 − 2Q.Total costs for this monopolist are estimated to be C(Q) = 100 + 20Q + Q².At the profit-maximizing combination of output and price,deadweight loss is:

A) $30.
B) $50.
C) $80.
D) Cannot be determined with the given information.