There is a market with monopoly conditions with Q= 100-P (demand) and MC-AC-20. The monopoly price and quantity levels are Pm= 60 and Qm-40, meanwhile the equilibrium of competition is Pe=20 and Qe=80. Calculate: a. Draw the condition curve and show the CS, PS and regions DWL? b. Value of Consumer Surplus (CS) and Producen Surplus (PS) at the time of competition? c. Value of Consumer Surplus (CS), Producen Surplus (PS) and Deadweight Loss (DWL) at the time of monopoly?

Principles of Economics, 7th Edition (MindTap Course List)
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Chapter15: Monopoly
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There is a market with monopoly conditions with Q= 100-P (demand) and MC-AC-20. The monopoly price and quantity levels are Pm= 60 and Qm-40, meanwhile the equilibrium of competition is Pe=20 and Qe=80. Calculate: a. Draw the condition curve and show the CS, PS and regions DWL? b. Value of Consumer Surplus (CS) and Producen Surplus (PS) at the time of competition? c. Value of Consumer Surplus (CS), Producen Surplus (PS) and Deadweight Loss (DWL) at the time of monopoly?
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