If the monopolist practices single pricing, determine the price, quantity, and profit of the monopolist. Explain how the quantity is determined. (ii) If the monopolist practices perfect price discrimination, determine the price, quantity and profit in the market.

If the monopolist practices single pricing, determine the price, quantity, and profit of the monopolist. Explain how the quantity is determined. (ii) If the monopolist practices perfect price discrimination, determine the price, quantity and profit in the market.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter23: Monopoly

Section: Chapter Questions

Problem 2QP

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Question

^{If the monopolist practices single pricing, determine the price, quantity,
and profit of the monopolist. Explain how the quantity is determined.

(ii) If the monopolist practices perfect price discrimination, determine the
price, quantity and profit in the market.}

A monopolist has the demand and marginal cost as shown in the table below.
There is no fixed cost in the production.
Price
Quantity
Marginal Cost
10
1
9
2
8
3
4
7
4
5
5
6
N3

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