Monopolist has demand and cost curves

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Reference no: EM136489

Q1. A monopolist has demand and cost curves given by:

QD = 10,000 - 20P

TC = 1,000 + 10Q + .05Q2

a. Find the monopolist's profit-maximizing Q and price.

b. Find the monopolist's profit.

c. If this was a perfectly competitive firm, what will be the P*, Q*, and profit

Q2. Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed? What are the different price points? Using this information, draw a fully labeled graph of the market for movies in which the distributor of the film price discriminates.

Reference no: EM136489

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