The ABC company's demand and marginal revenue curves are

P=2800-10Q

MR=2800-20Q

ABC's total cost of service is TC=10+2Q²

a) if ABC could enforce first-degree price discrimination, what would be the price or prices it could charge and how many units would it produce?

b) For this market and firm ABC, calculate 1) consumer's surplus ii) producer's surplus iii) total surplus and iv) deadweight loss

c)What is firm ABC's profit?

Answer rating: 100% (QA)

Solution P 2800 1oQ MR 2800 200e TC 1o 2 a First degn... View the full answer