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Based on the following figure which summarizes the demand of a representative consumer, corresponding marginal revenue, and relevant costs for your product, determine your firm's
Based on the following figure which summarizes the demand of a representative consumer, corresponding marginal revenue, and relevant costs for your product, determine your firm's optimal price, output, and the resulting profits for each of the following scenarios:
- You charge the same unit price to all consumers.
- You engage in first-degree price dis- crimination.
- You engage in two-part pricing.
- You engage in block pricing.
$160 $140 $120 $100 Price $80 $60 MC=AC $40 $20 MR. D $0 O 10 20 30 40 50 QuantityStep by Step Solution
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