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is deciding how to allocate output between two geographically separated markets (East Coast and Midwest). Demand and marginal revenue for the two markets are: P,-20-Q, MR, 20-20, P2=25-20, MR =25-40 The monopolist's total cost is C= 5+5(Q,+Q) What are price, output, profits, marginal revenues, and deadweight loss if the monopolist can price discriminate? (round all answers to two decimal places) In market 1, the price is $ 12.5 and the quantity is 7.5 In market 2, the price is $ 15 and the quantity is 5

is deciding how to allocate output between two geographically separated markets (East Coast and Midwest). Demand and marginal revenue for the two markets are: P,-20-Q, MR, 20-20, P2=25-20, MR =25-40 The monopolist's total cost is C= 5+5(Q,+Q) What are price, output, profits, marginal revenues, and deadweight loss if the monopolist can price discriminate? (round all answers to two decimal places) In market 1, the price is $ 12.5 and the quantity is 7.5 In market 2, the price is $ 15 and the quantity is 5

Microeconomic Theory
Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter14: Monopoly
Section: Chapter Questions
Problem 14.1P
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A monopolist is deciding how to allocate output between two geographically separated markets (East Coast and Midwest). Demand and marginal revenue for the two markets are: P,-20-0, MR, -20-20, P2= 25-20, MR 25-402 The monopolist's total cost is C= 5+5(0,+0) What are price, output, profits, marginal revenues, and deadweight loss if the monopolist can price discriminate? (round all answers to two decimal places) In market 1, the price is $ 12.5 and the quantity is 7.5 In market 2, the price is $ 15 and the quantity is 5. The monopolisť's profit is $ 101.25 and the deadweight loss is S
Transcribed Image Text:A monopolist is deciding how to allocate output between two geographically separated markets (East Coast and Midwest). Demand and marginal revenue for the two markets are: P,-20-0, MR, -20-20, P2= 25-20, MR 25-402 The monopolist's total cost is C= 5+5(0,+0) What are price, output, profits, marginal revenues, and deadweight loss if the monopolist can price discriminate? (round all answers to two decimal places) In market 1, the price is $ 12.5 and the quantity is 7.5 In market 2, the price is $ 15 and the quantity is 5. The monopolisť's profit is $ 101.25 and the deadweight loss is S
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