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Homework answers / question archive / A monopoly has an inverse demand curve given by p = 16 - Q and a constant marginal cost of $2

A monopoly has an inverse demand curve given by

p = 16 - Q

and a constant marginal cost of $2. Calculate deadweight loss if the monopoly charges the profit-maximizing price.

Deadweight loss equals $__________. (Enter your response rounded to two decimal places.)

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