Question
Assume that the manufacturer of bottled water is a monopolist with constant average total cost and marginal cost equal to $5. The demand curve faced
Assume that the manufacturer of bottled water is a monopolist with constant average total cost and marginal cost equal to $5. The demand curve faced by the monopolist is given by Q=100-4p. At the market equilibrium for a perfect price discriminating monopolist, the consumer surplus is equal to_____ and the monopolist's profit is equal to ___
a. 0,800
b. 5,300
c. 0,300
d. 800,0
e. 50,450
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
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