Consider a monopolist who faces the following market demand, Ask an Expert

Economics

Consider a monopolist who faces the following market demand curve: Q = 100 – 0.5 p, 0 ≤ p ≤ 200 = 0, p > 200. The monopolist’s cost function is TC(Q) = 20 Q + Q2.

-What is the profit maximized uniform price?

-Calculate the profit at the price obtained above.

-What would be the profit maximized level of output if the firm price discriminates in the first degree?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91867051

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