If a monopoly faces an inverse demand curve of Question Help p=450-Q, has a constant marginal and average cost of $90, and can perfectly price discriminate what is its profe? What are the consumer surplus, welfare, and deadweight loss? How would these results change if the firm were a single-price monopoly? Profit from perfect price discrimination (x) is $ (Enter your response as a whole number)

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter23: Profit Maximization
Section: Chapter Questions
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If a monopoly faces an inverse demand curve of
p=450-Q,
Question Help
has a constant marginal and average cost of $90, and can perfectly price discriminate what is its profit? What are the consumer surplus, welfare, and deadweight
loss? How would these results change if the firm were a single-price monopoly?
Profit from perfect price discrimination (x) is $(Enter your response as a whole number)
Transcribed Image Text:If a monopoly faces an inverse demand curve of p=450-Q, Question Help has a constant marginal and average cost of $90, and can perfectly price discriminate what is its profit? What are the consumer surplus, welfare, and deadweight loss? How would these results change if the firm were a single-price monopoly? Profit from perfect price discrimination (x) is $(Enter your response as a whole number)
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