Only typed answer Suppose a monopolist faces consumer demand given by: 300 – 5Qwith a constant marginal cost of $100 per unit (where marginal cost equals average total cost. assume the firm has no fixed costs).(Enter your response rounded as a whole number.)If the monopoly can only charge a single price, then it will earn profits of $Correspondingly, consumer surplus is $However, if the firm were to practice price discrimination such that consumer surplus becomes profit, then, holding output constant at 20, the monopoly would have profits of $P =

The profit is maximized where the MR = MC. The monopoly firm is price maker in the market. The…

Suppose a monopolist faces consumer demand given by P=300-5Q with a constant marginal cost of $100 per unit (where marginal cost equals average total cost. assume the firm has no fixed costs). f the monopoly can only charge a single price, then it will earn profits of $ (Enter your response rounded as a whole number.) Correspondingly, consumer surplus is $ However, if the firm were to practice price discrimination such that consumer surplus becomes profit, then, holding output constant at 20, the monopoly would have profits of $

Suppose a monopolist faces consumer demand given by P=300-5Q with a constant marginal cost of $100 per unit (where marginal cost equals average total cost. assume the firm has no fixed costs). f the monopoly can only charge a single price, then it will earn profits of $ (Enter your response rounded as a whole number.) Correspondingly, consumer surplus is $ However, if the firm were to practice price discrimination such that consumer surplus becomes profit, then, holding output constant at 20, the monopoly would have profits of $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Only typed answer

Suppose a monopolist faces consumer demand given by
: 300 – 5Q
with a constant marginal cost of $100 per unit (where marginal cost equals average total cost. assume the firm has no fixed costs).
(Enter your response rounded as a whole number.)
If the monopoly can only charge a single price, then it will earn profits of $
Correspondingly, consumer surplus is $
However, if the firm were to practice price discrimination such that consumer surplus becomes profit, then, holding output constant at 20, the monopoly would have profits of $
P =

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