2. Suppose that the cost function of a monopolist is $TC = 100 + 10Q + 2Q^2$, and the demand curve it faces is p = 90 - 2Q. What will be the profit-maximizing price, quantity, and profit for this firm? What is the deadweight loss? (10%)
2. Suppose that the cost function of a monopolist is $TC = 100 + 10Q + 2Q^2$, and the demand curve it faces is p = 90 - 2Q. What will be the profit-maximizing price, quantity, and profit for this firm? What is the deadweight loss? (10%)