Suppose A Monopolistic Local Electric Firm Faces A Demand Curve Given By P 120 4q Suppose The Total Cost For The Monopo 1 (16.16 KiB) Viewed 28 times
what is the answer of question 5?
Suppose a monopolistic local electric firm faces a demand curve given by P-120-4Q. Suppose the total cost for the monopolist in the long run is given by LTC-400+4Q, and MC is fixed at 4$ per unit. MR is given by P=120-8Q 5. Suppose the monopolist can PERFECTLY PRICE DISCRIMINATE. What is firm's profits now?
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