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A monopoly has the following demand, marginal revenue, total cost and marginal cost curves: Demand: P = 1000 - 100 TC =
Posted: Thu May 19, 2022 10:40 am
by answerhappygod
- A Monopoly Has The Following Demand Marginal Revenue Total Cost And Marginal Cost Curves Demand P 1000 100 Tc 1 (27.94 KiB) Viewed 56 times
A monopoly has the following demand, marginal revenue, total cost and marginal cost curves: Demand: P = 1000 - 100 TC = 1000 + 502 = a. Find the price and quantity that maximizes monopoly's profits b. How much profits does the monopoly make at the profit-maximizing level of quantity? C. How much output would a perfectly competitive market produce? What price would it charge? d. Calculate the deadweight loss from monopoly; Calculate Consumer Surplus e Suppose monopoly perfectly price discriminates (practices 1" degree price discrimination). Find monopoly profit with 1" degree price discrimination, CS and DWL.