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Suppose that the demand for a monopolist's product is estimated to be Qd = 100 - 2P and its total costs are C = 10Q.
a. How does the number of units sold with first-degree price discrimination compare to the number sold if the firm charged its optimal single price?
b. How do the profits earned with first-degree price discrimination compare to profits earned if the firm charged its optimal single price?
c. How does consumer surplus with first-degree price
Apply the steps of the decision-making process to your situation as you decide what to do after graduation.
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