Let be a monopoly whose total cost function is such that C(Q) = 2Q. The (inverse) demand in this market is given by P(Q) = 16 - Q.
Which one is right ?
a. If the monopoly maximizes its profit, Dead load of the monopoly is 32.5
b. If the monopoly maximizes its profit . Dead load of the monopoly is 24.5
c. If the monopoly maximizes its profit. Dead load of the monopoly is 35
d. None of these statements is correct
e. If monopoly maximizes its profit The dead load of monopoly is 28.5
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