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There are two questions to this problem set please answer both: 1.) A monopolist has the following cost structure: c(q) - 1.5 + 8q. The

There are two questions to this problem set please answer both:

1.)

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A monopolist has the following cost structure: c(q) - 1.5 + 8q. The firm faces a demand function of q = 40p . Calculate the optimal price in this market.Suppose a monopolist is able to perfectly price discriminate. The firm has constant marginal cost equal to 17 and faces an inverse demand function of P(q) = 47 - 3q. What is the optimal output under perfect price discrimination

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