# Answer to Question #60524 in Microeconomics for Bob

Question #60524

Given the following information:

P = 20 – 2Q

MC = AC = 4

a) Determine the profit-maximizing output and price charged by a monopolist.

b) Determine the competitive price and output.

c) Graphically illustrate and calculate the deadweight loss due to the monopoly.

P = 20 – 2Q

MC = AC = 4

a) Determine the profit-maximizing output and price charged by a monopolist.

b) Determine the competitive price and output.

c) Graphically illustrate and calculate the deadweight loss due to the monopoly.

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