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3. Consider a uniform-price monopolist that faces demand curve P(Q) = 28 - 20 and faces a total cost TC(Q) = 4Q (3a) Calculate the
3. Consider a uniform-price monopolist that faces demand curve P(Q) = 28 - 20 and faces a total cost TC(Q) = 4Q (3a) Calculate the profit maximizing price and quantity. 34 gillette34 gillette34 P = Q = (3b) Determine the consumer surplus, producer surplus, and deadweight loss. gillett 34 gillette34 gillette34 CS = PS = DWL = (3c) If the monopolist now can first-degree price discriminate, how much will they sell, and what will CS, TR, PS and DWL be?
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