A monopoly produces widgets at a marginal cost of 8 per, Ask an Expert

Economics

A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed cost. It faces an inverse demand function given by P = 38 – Q and MR = 38 – 2Q.

What are the profits of the monopoly in equilibrium?

What are the consumer surpluses in equilibrium?

Assuming the monopolist was able to first degree discriminate, what would be the monopolist’s profits?

Assuming the monopolist was able to first degree discriminate, what would be the consumer surplus?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91559954

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