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Calculate the monopolist profit-maximizing price

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Reference no: EM131750783

Question - A single firm produces widgets, with a cost function and inverse demand function as follows,

C(q) : 150 + 2q

P(Qd) : 10 - 0.08Qd

(a) Calculate the monopolist's profit-maximizing price, quantity, and profit if he can charge a single price in the market (single price monopolist).

(b) Suppose the firm can perfectly price discriminate; calculate the monopolist's profit.

Reference no: EM131750783

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