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Determining the profit maximizing output, price and demand elasticity for a price -discriminating monopolist.

 

A price-discriminating monopolist of the 3rd degree sells output in 3 different markets. Some , but not all pairs on the 3 linear m,arket demand curves are given below. The molnopolist's fixed cost = $3, 600 and marginal cost is constant at $10

Market 1
 
Market 1
 
Market 1
 
Price
Quantity
Price
Quantity
Price
Quantity
$60
0
$50
0
$40
0
40
60
25
100
30
50
25
105
10
160
15
125
2
165
2
192
5
175

Illustrate what is the profit-maximizing price and output in each market?

In which market is demand elasticity the highest?

In which market is demand elasticity the lowest?

Illustrate what are the monopolist's total combined profits from all 3 markets?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M923116

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