10. A monopoly with the total cost function TC=5Q is facing the demand function Q = 1250-50P. How much can the monopoly increase its profits if it moves from charging a single monopoly price to utilizing a two-part tariff?

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A: The answer is as follows:-

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A:

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A:

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A:

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Monopoly Market

When a company and its products dominate a sector or an industry, it is termed a monopoly. When a firm and its products control a market, then it is called a monopoly.