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# A monopoly firm faces the following demand curve: P = 25-2.5 QD. 1)Create the demand schedule...

## Question

###### A monopoly firm faces the following demand curve: P = 25-2.5 QD. 1)Create the demand schedule...

A monopoly firm faces the following demand curve: P = 25-2.5 QD.

1)Create the demand schedule for the firm by increasing quantity demanded in increments of one unit.

2)Produce a table with the total revenue and marginal revenue for the output levels in increments of one unit.

3)If the firm’s marginal cost is constant at \$12.50 per unit, what is the profit maximizing output and price?

4)What is the efficient quantity and price?

5)What is the value of the deadweight loss of the monopoly firm versus the perfectly competitive firm? Please show your work.

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