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Suppose a monopolist is faced with the demand schedule and cost data shown below.
P Q AFC AVC
125 0
115 1 100 35
105 2 50 35
95 3 33.33 35
85 4 25 35
75 5 20 35
65 6 16.67 35
55 7 14.29 35
45 8 12.5 35
35 9 11.11 35
25 10 10 35
15 11 9.09 35
a. What is the total fixed cost for this firm?
b. Fill in the missing values of TR, MR, ATC, TC, MC and profit.
c. What are the price and quantity produced and the profit? Verify your answer graphically.
Select and submit a Behavioral Design Pattern; explain why you selected that particular pattern.
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Will a monopolist's total revenue be larger with second-degree price discrimination when the batches on which it charges a uniform price are larger or smaller? Why?
Why do monopolistic competitors have a tendency to advertise much more than perfectly competitive firms?
Firm 1's marginal cost is MC1 = $10, while ?rm 2's marginal cost is MC2 = $20. The two ?rms compete in Bertrand competition, by simultaneously selecting prices.
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