A monopolist faces a demand curve described by p(g) = 100-2g and has constant marginal costs of 16 and zero fixed costs. If this monopolist is able to practiceperfect price discrimination, its total profits will be:(a) 1,092O (b) 2,646O (c) 882O (d) 1,764

Given : P(q) = 100 - 2 q MC = 16 First degree price discrimination First-degree discrimination, or…

Answered: A monopolist faces a demand curve…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A monopolist faces a demand curve described by p(g) = 100-2g and has constant marginal costs of 16 and zero fixed costs. If this monopolist is able to practice perfect price discrimination, its total profits will be: (a) 1,092 O (b) 2,646 O (c) 882 O (d) 1,764