Suppose that the monopolist sells its goods for two segments of the population and the demandfunctions are given by Q, = 120P * and Q, = 320P,.f the monopolist can produce at AC-MC=6 andcan discriminate the prices what are the optimal prices, respectively?%3D%3DO $7, $8O $7, $4O $4, $7$8, $7

A monopolist is defined by a lack of competition, which may result in excessive consumer prices,…

Suppose that the monopolist sells its goods for two segments of the population and the demand functions are given by Q, = 120P, and Q, = 320P,. If the monopolist can produce at AC-MC-6 and can discriminate the prices what are the optimal prices, respectively? %3D O $7, $8 O $7, $4 O$4, $7 $8, $7

Suppose that the monopolist sells its goods for two segments of the population and the demand functions are given by Q, = 120P, and Q, = 320P,. If the monopolist can produce at AC-MC-6 and can discriminate the prices what are the optimal prices, respectively? %3D O $7, $8 O $7, $4 O$4, $7 $8, $7

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose that the monopolist sells its goods for two segments of the population and the demand
functions are given by Q, = 120P * and Q, = 320P,.f the monopolist can produce at AC-MC=6 and
can discriminate the prices what are the optimal prices, respectively?
%3D
%3D
O $7, $8
O $7, $4
O $4, $7
$8, $7

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