With demands q1800-0.2p q2400-p and q3700-0.4p, Ask an Expert

Economics

The husband of Miss Young is a monopolist with constant marginal costs of $50 that can sell to three groups of potential consumers, with demands Q1=800-0.2p, Q2=400-p and Q3=700-0.4p respectively. Find the optimal price-quantity if the firm is not able to price discriminate.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M955285

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