A movie monopolist sells to students and adults. The demand function for students is Qds = 600 - 100P and the demand function for adults is Qda = 1200 - 100P. The marginal cost is $2 per ticket. What is the difference in the monopolist's profit when it is able to price discriminate and when it cannot? $0 $450 $50 $2500

A movie monopolist sells to students and adults. The demand function for students is Qds = 600 - 100P and the demand function for adults is Qda = 1200 - 100P. The marginal cost is $2 per ticket. What is the difference in the monopolist's profit when it is able to price discriminate and when it cannot? $0 $450 $50 $2500

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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