Question: A firm s total cost function is TC = 8 Q . The market demand function is Q = 2 0 0 . 5 P

A firms total cost function is TC =8Q.
The market demand function is Q =200.5P.
a) If the firm uses a single-pricing strategy:
What are the firms profit-maximizing output (QS) and price (PS)?
Determine the consumer surplus (CS), producer surplus (PS), total
surplus (TS), and deadweight loss (DWL).
b) If the firm uses a perfect price discrimination:
What is the firms profit-maximizing output (QD)?
Determine the consumer surplus (CS), producer surplus (PS), total
surplus (TS), and deadweight loss (DWL)

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