Question
Please help me with these MCQs- 1.Assume a monopolist can prevent resale of its product and that it has complete information about each of its
Please help me with these MCQs-
1.Assume a monopolist can prevent resale of its product and that it has complete information about each of its customers. Although each customer has a different demand curve, the seller can identify each customer's demand curve before a purchase takes place. It faces the inverse market demand of P = 160 - 10Q, with marginal cost of MC = 10 + 5Q. The deadweight loss at the profit-maximizing result is $____.
a.200
b.0
c.500
d.400
2.(Figure: Tariff Pricing Strategy I) If a firm uses the optimal two-part tariff pricing strategy, the entrance fee is _____, and the per-unit price is _____.
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