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Profit maximizing quantity-price for single-price monopoly

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Reference no: EM131266067

Consider a monopoly that faces a market demand curve given as P = 100 - Q. The marginal cost of production for this monopolist is MC = 10 and the monopolist has fixed costs equal to zero. The monopolist has asked you to compare what happens if the monopolist is a single-price monopolist, a second degree price discriminating monopolist, and a perfect price discriminating monopolist. At the end of this question you will be asked to fill out a table to summarize your findings.

i) Single-price monopolist:

Suppose the monopolist charges a single-price for its product. Given this assumption, find the answers to the following questions:

a. What is the profit maximizing quantity and price for this single-price monopolist?

Reference no: EM131266067

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