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Please fill in the blank A monopolist has two sets of consumers, call them group 1 and group 2. Group 1's demand for the product
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A monopolist has two sets of consumers, call them group 1 and group 2. Group 1's demand for the product is given by P(Q)= 184-Q, while that of group 2 is given by Q(P)= 140-1P Group1 is described by an Inverse demand function while Group 2 is described by an demand function Suppose the two markets are treated as one, the monopolist's total quantity demanded at price 84.82 is 154.36 and the marginal revenue at that price is 7.64 and the monopolist's total quantity demanded at price 156 is 12 and the marginal revenue at that price is 150 Suppose farther that the monopolist has a constant marginal cost of 46 What is the monopolist's profit-maximizing price if both groups were charged the same price 104 and the monopolist will serve Oonly consumers in Group 2 Consumers in both Group 1 and Group 2 What is the monopolist's profit-maximizing quantity if both groups were charged the same price 116 Oonly consumers in Group 1 What are the monopolist's profits if both groups were charged the same price 104 what is the quantity supplied and demanded to Group 1 what is the quantity supplied and demanded to Group 2 Now suppose the monopolist can price discriminate What is the price charged for Group 1 What are the profits from Group 1 What is the price charged for group 2 What are the profits from Group 2 Activate Windows Go to Settings to activate WindowsStep by Step Solution
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