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Assume that a local train station has a monopoly over train rides. The firm has estimated that its market demand curve can be drawn from

Assume that a local train station has a monopoly over train rides. The firm has estimated that its market demand curve can be drawn from the following equation P =60(1/2) Q. Let MC = AC =15. The firm has determined that younger consumers (under 50) are willing to pay up to $30 per ticket for a train ride and that older consumers (50 or older) are willing to pay up to $50 per ticket for a train ride. If the firm price discriminates what is their profit?

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