Calculate the profit maximizing output and price

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Reference no: EM1312197

Q1. Why is there a gap among the high-ranking also low-ranking states?

Q2. Suppose the marketplace demand for the latest electronic reading device is estimated to be P=60-2Q also calculate company is the sole supplier of deceives also does not practice price discrimination. The company's marginal cost is 2Q.

a Illustrate the marketplace demand, marginal revenue also the company's marginal cost curve on a diagram. Comprise the values of the intercepts of every axis for every curve.

b Elucidate how on your diagram also calculate the profit maximizing output also price.

c Calculate the consumer surplus at the profit maximizing price also quantity.

d Elucidate company increase profit by practicing a form of price discrimination? Elucidate.

e Elucidate how may the company protect its monopoly power?

Reference no: EM1312197

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