Waec Model Questions Vol1 2017 Economics Question 35
Practice objective / multiple choice question 35 from the 2017 Waec Model Questions Vol1 Economics examination.
A monopolist faces the market demand curve \(P = 200 - 2Q\) (price in naira, Q in thousand units) and has a constant marginal cost of ₦40 per unit. There are no fixed costs. Determine the monopoly output (in thousand units) and price, then compute the dead‑weight loss relative to the competitive outcome. Express the dead‑weight loss in thousand naira.
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About This Question
This is Waec Model Questions Vol1 2017 Economics Question 35. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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