Determining the profit maximizing output

Reference no: EM1314799

A price-discriminating monopolist of the 3^rd degree sells output in 3 different markets. Some, but not all pairs on the 3 linear market demand curves are given below. The molnopolist's fixed cost = $3, 600 and marginal cost is constant at $10

Market 1		Market 1		Market 1
Price	Quantity	Price	Quantity	Price	Quantity
$60	0	$50	0	$40	0
40	60	25	100	30	50
25	105	10	160	15	125
2	165	2	192	5	175

1. What is the profit-maximizing price and output in each market?
2. In which market is demand elasticity the highest?
3. In which market is demand elasticity the lowest?
4. What are the monopolist's total combined profits from all 3 markets?

Reference no: EM1314799

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