Question
a monopoly has the following deman d and total cost curves: P=2000-20Q TC=200Q a)find the price and quantity that maximizes monopoly's profits Qmonopoly= pmonopoly= b)
a monopoly has the following deman d and total cost curves: P=2000-20Q
TC=200Q
a)find the price and quantity that maximizes monopoly's profits
Qmonopoly=
pmonopoly=
b) how much profits does the monopoly make at the profit-maximizing level of quantity?
profits=
c) what is the consumer surplus and deadweight loss from monopoly at the profit-maximizing level of output?
CS=
DWL=
d)how much profits would this monopoly make if it were to perfectly price discriminate? what consumer surplus and deadweight loss for a perfectly discriminating monopoly?
profits 1st degree disc=
CS=
DWL=
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Research Methods for Business A Skill Building Approach
Authors: Uma Sekaran, Roger Bougie
7th edition
978-1-119-2668, 1119165555, 1119165552, 9781119266846, 111926684X, 978-1119165552
