Suppose a monopolist faces two markets with demand curves given by D1(p1) = 200 -p1 D2(p2) = 100 -2p2 Assume that the monopolist’s cost function is c(y) = y^2 1. What is the optimal prices for the monopolist if it can charge different prices in these markets? 2. What is the optimal price if the monopolist must charge the same price in each market? 3. How much total consumers’ surplus changes between the two separate prices and the same price cases? Can I please be assigned an actual expert? The previous four answers have been incorrect. The last several questions I have asked have been plagued by mediocrity and poor answers.
Suppose a monopolist faces two markets with demand curves given by D1(p1) = 200 -p1 D2(p2) = 100 -2p2 Assume that the monopolist’s cost function is c(y) = y^2 1. What is the optimal prices for the monopolist if it can charge different prices in these markets? 2. What is the optimal price if the monopolist must charge the same price in each market? 3. How much total consumers’ surplus changes between the two separate prices and the same price cases? Can I please be assigned an actual expert? The previous four answers have been incorrect. The last several questions I have asked have been plagued by mediocrity and poor answers.
Chapter14: Monopoly
Section: Chapter Questions
Problem 14.9P
Question
Suppose a monopolist faces two markets with
D1(p1) = 200 -p1
D2(p2) = 100 -2p2
Assume that the monopolist’s cost function is c(y) = y^2
1. What is the optimal prices for the monopolist if it can charge different prices in these markets?
2. What is the optimal price if the monopolist must charge the same price in each market?
3. How much total
price cases?
Can I please be assigned an actual expert? The previous four answers have been incorrect. The last several questions I have asked have been plagued by mediocrity and poor answers.
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