Total costs for a monopolist are defined as: C(q) = q3 + 1 Hence, marginal costs are: MC(q) = 3q2 If market demand is: P(q)=100 - 10q. a) How much is the monopolist going to produce? b) Provide a graphical representation of your results. c) If the monopolist could discriminate prices perfectly, how would your answers to a) and b) change.

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