Assume that all consumers have identical demand curves for local telephone service, and the producer of such

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Assume that all consumers have identical demand curves for local telephone service, and the producer of such service is a monopoly. Compare price, output, profit, and consumer surplus when (a) the monopoly sets a uniform price for the product; and (b) the monopoly uses a two- part tariff.

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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