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Question 2 of 4 2 Points On the market of good Y there are 20 consumers. Each consumer has a demand function q = 240

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Question 2 of 4 2 Points On the market of good Y there are 20 consumers. Each consumer has a demand function q = 240 211 Good Y is produced by a monopolist, which is operating with a constant marginal cost of 50 and a fixed cost of 2000. (a) Under first degree price discrimination, the total number of good Y that will be sold on the market is ; the price for the 18th unit of good Yis (b) Suppose the monopolist adopts the following pricing strategy: The per unit price is 80 unless one buys more than 80 units, and for each unit above 80 the price will be 60 (e.g., if one buys 90 units, then he pays 80 X 80 + (90 80) X 60 = 7000). The quantity of good Y each consumer will buy is the monopolist's economic profit equals

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