Suppose a monopolistic local electric firm faces a demand curve given by P-120-4Q. Suppose the total cost for the monopo
Posted: Sun Jun 05, 2022 11:45 am
- 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 29 times
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?