Question
Suppose that the individual inverse demand functionfor one consumeris follows: =1002 Market consists of 50 consumers in total.Monopolist will use two-part tariff pricing scheme. Monopolist
Suppose that the individual inverse demand functionfor one consumeris follows:
=1002
Market consists of 50 consumers in total.Monopolist will use two-part tariff pricing scheme. Monopolist has no fixed cost and has the constant marginal cost of $20. What will be the maximum profit of the monopolist?
- A.$80,000
- B.$70,000
- C.$60,000
- D.$90,000
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Water Pollution Economics Aspects And Research Needs
Authors: Allen V Kneese
1st Edition
1317387554, 9781317387558
