題組內容

2. Suppose a monopolist faces the following demand curve: $$Q = 40 - P$$ And that its total costs are $$TC(Q) = 200 + 10Q + \frac{1}{2}Q^2$$

(c) Suppose now there are multiple firms with the same cost function entering the market. Solve for the competitive equilibrium price and quantity, and the deadweight loss created by the monopolist. (7 pts)