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Suppose a profit-maximizing monopolist producing Q units of output faces the demand curve Q = 40 - P. Its total cost when producing Q units

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Suppose a profit-maximizing monopolist producing Q units of output faces the demand curve Q = 40 - P. Its total cost when producing Q units of output is TC = 30 + Q2 The fixed cost is sunk. Compute the total prot and producer surplus with : a) no price discrimination (5 marks) b) perfect first-degree price discrimination

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