Assume the figure applies to a pure monopolist and that MC is the same for both graphs.
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Question:
Assume the figure applies to a pure monopolist and that MC is the same for both graphs. If this firm is able to price discriminate between children and adults, its economic profit will be:
(P2 - MC) × (Q1C + Q2). | ||
(P1 - MC) × (Q1C + Q2). | ||
(P2 - P1) × (Q1C + Q2). | ||
[(P1 - MC) × Q1C] + [(P2 - MC) × Q2]. |
Related Book For
Economics
ISBN: 978-0073375694
18th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
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