74) If the monopolist's total cost function is given by TC = 400 + 200 then as a single-price monopolist it will produce units and charge a price equal to A) 60; 30 B) 40; 20 C) 40; 40 D) 20; 40 E) 20; 50

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Jarrod RobelLv2

21 Oct 2018

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79) Now suppose that monopolist is no longer able to perfectly price discriminate. But it determines that an additional new market has emerged, one with the inverse) demand curve and the corresponding marginal revenue curve given by: P=60-9 MR = 60 - 20 If the monopolist succeeds in segmenting the two markets i.e. it prevents arbitrage completely), then it will charge a price equal to in the old market and a price equal to in the new market: A) 60; 30 B) 40; 20 C) 20; 50 D) 20; 40 E ) 40; 40

Suppose a uniform pricing monopolist's price equation is P(Q) = 120 â Q; the uniform pricing monopolist's marginal revenue is MR(Q) =120 â 2Q; the uniform pricing mo- nopolist's total cost is C(Q) = Q2+40+40Q+150; and the uniform pricing monopolist's marginal cost is MC(Q) = 2Q + 40.

a) Solve for the pro t-maximizing (or loss minimizing) quantity (Q*). (b) Solve for the pro t-maximizing (or loss minimizing) price (P*).

(c) Should the uniform pricing monopolist produce Q*? Explain. (d) Does the uniform pricing monopolist make a pro t? Explain.

(e) How much pro t (or loss) does the uniform pricing monopolist make?

because 73) A monopolist serving this market would never charge a price lower than A) 40; at 40 any monopolist would maximize profits B) 10; at 10 it already sells a sufficiently large quantity C) 20; at 20 any monopolist would maximize profits D) 30; at 30 total revenue starts falling, E) 30; at 30 total revenue is still rising