Business, 17.05.2021 21:20 chey1603

Consider a monopolist who faces a linear demand curve, P = 150 – 2q. The monopoly’s total cost is a linear function of output, C = 20 + 4q
a. Calculate the monopolist’s profit maximizing output, market price, profit, and consumer surplus.
Illustrate your results in a suitably labelled graph.
b. Now assume that the monopolist can perfectly discriminate so that each successive unit of Q is
sold for the maximum amount that consumers are willing to pay. Calculate the monopolist’s
profit maximizing output, market price, profit, and consumer surplus. Illustrate your results in a
suitably labeled graph.

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Consider a monopolist who faces a linear demand curve, P = 150 – 2q. The monopoly’s total cost is a...

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