4. The market demand function for birthday cards in Greenwich Village is: P= 100 - 100. The total cost function for producing birthday cards is: C = 60 + 20q. Suppose that a firm can perfectly price discriminate (i.e. conduct first-degree price discrimination). How much will its profits be?
4. The market demand function for birthday cards in Greenwich Village is: P= 100 - 100. The total cost function for producing birthday cards is: C = 60 + 20q. Suppose that a firm can perfectly price discriminate (i.e. conduct first-degree price discrimination). How much will its profits be?
Chapter25: Monopoly
Section: Chapter Questions
Problem 2E
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Please use profit max formula(s)
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