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Consider a monopoly that faces a market demand function D(p) = 200 − 2p, where p is the price that the monopoly charges, q is the amount demanded by the consumer. The monopoly has constant marginal cost MC = 20. Suppose the monopoly can do perfect price discrimination (namely 1st-degree price discrimination). What’s the maximal profit that the monopoly can make?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91950529

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