Econ 330 AssignmentAmazingExpert
1. Assume that a monopolist has a demand curve given by P = 1500 -4Q, and TC = 100 + 5Q^2 with, MC = 10Q.
(a) If the firm charges a single price to everyone, how much profit does the firm make?
(b) Use a graph to show whether this market is efficient.
(c) If the firm could instead perfectly price discriminate, how much will the firm produce and what
are the firm's profits?
(d) Use a graph to show whether this market is efficient.
2. Assume the market for cars is a duopoly, with a market demand curve given by P = 2500
- 6 years ago
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