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Calculate monopoly price and profit

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Reference no: EM132396609

Linear

Assume a linear city ; 1 Auto shop at center of new delhi Road.

Consumers uniformly distributed on the road.

Each interval is [0, 1] between each customer

Cost of Production = (zero)

Transfer costs are c = 1 Rupee per each unit distance
U = B - c - p; B is a constant, c is meters of distance
P is price if meal

a) Assume O < B < 1

Find Number of customer at this Tire shop

Calculate monopoly price and profit

b) Assume B> 1
do some calculations

Article - Stability in Competition by Harold Hotelling.

Reference no: EM132396609

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