Cost function-maximizes profits by setting single price

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Continuing with the previous question, where Sammie Wall currently has a monopoly on widgets. The inverse demand function for the only customer interested in widgets is still [P=40-6Q] and the cost to produced widgets remains the same at: [C=10+2Q^2] . Would this customer prefer to shop at Sammie's membership warehouse or a store with the same cost function that maximizes profits by setting a single price? Explain below.

Reference no: EM13984114

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Cost function-maximizes profits by setting single price : Continuing with the previous question, where Sammie Wall currently has a monopoly on widgets. The inverse demand function for the only customer interested in widgets is still [P=40-6Q] and the cost to produced widgets remains the same at: [C=10+2Q^2]..

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