How to solve for profit maximizing quantity and price for a monopolist
Channel: Econ Examples Travis Klein
Date: 2021-08-31

Here's the example problem:

Barbara is a producer in a monopoly industry. Her demand curve, total revenue curve, marginal revenue curve and
total cost curve are given as follows:

Q = 160 - 4P
TR = 40Q - 0.25Q2
MR = 40 - 0.5Q
TC = 4Q
MC = 4

Solve for profit maximizing quantity
Single price monopoly price
Profit for monopoly
Consumer surplus under monopoly
Deadweight loss under monopoly
Competitive Price