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Define perfect price discrimination. A monopolist has cost c(q)=q^2 and the inverse demand for its product is P=24-q. What is its marginal revenue curve for
Define perfect price discrimination. A monopolist has cost c(q)=q^2 and the inverse demand for its product is P=24-q. What is its marginal revenue curve for a perfect price discriminator? Derive its marginal cost. Derive the perfect price discriminator's profit maximizing output, total revenue, total cost, and consumer surplus.
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