(a) If the monopolist in Question 7 is no longer allowed to discriminate between the two markets...
Question:
(a) If the monopolist in Question 7 is no longer allowed to discriminate between the two markets and must charge the same price, P, show that the total demand, Q = Q1 + Q2, is given by
Q = 52 - 3/2 P
and deduce that the profit function is 
(b) Find the maximum profit in part (a) and hence wor out how much profit is lost by the firm when it can no longer discriminate between the two markets.
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a b 3 Add to deduce Q 52 P P 2 104 The demand equation can be trans...View the full answer
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