A monopolist faces the following demand function and total, Ask an Expert

Economics

A monopolist faces the following demand function and total cost function. P=100-2Q, TC=20+10Q+Q^2.

1. What is the profit at the monopolistic equilibrium? Show your work.

2. If the monopolistic has the ability to practice first-degree price discrimination, what is the quantity produced at the equilibrium? How does the firm charge each consumer (describe the highest price and the lowest price it charges?)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91952675

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