Discuss a monopoly with a constant marginal cost

Reference no: EM133441302

Assignment:

Consider a monopoly with a constant marginal cost of 10 that faces the following inverse demand function from senior citizens:

PS = 50 - 2QS

The monopoly also faces the following inverse demand function for all other customers:

PO = 35 - Q0

(a) List and explain the three conditions that must be satisfied for a firm to be able to price discriminate to price discriminate.

Reference no: EM133441302

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