(Answered) Question - a single firm produces widgets with a cost

Economics

Question - A single firm produces widgets, with a cost function and inverse demand function as follows,

C(q) : 150 + 2q

P(Q_d) : 10 - 0.08Q_d

(a) Calculate the monopolist's profit-maximizing price, quantity, and profit if he can charge a single price in the market (single price monopolist).

(b) Suppose the firm can perfectly price discriminate; calculate the monopolist's profit.

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Microeconomics, Economics

Category:- Microeconomics
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