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Question 3 A. Monopoly X is a single price monopoly, with the demand function - 20-0.25p. The costs are presented below. Complete the table below.
Question 3 A. Monopoly X is a single price monopoly, with the demand function - 20-0.25p. The costs are presented below. Complete the table below. (8 marks) . OTY TC ATC MC D/AR TR MR O 100 125 2 140 3 165 200 5 244 16 360 560 B. Create the monopoly graph for the firm. Show the following profit maximizing quantity and profit/loss position (5 marks) C. The firm would like to exercise second degree price discrimination. Graph second degree price discrimination and explain why the firm would want to price discriminate and conditions needed to do so. (7 marks)
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