A monopolist faces inverse demand p(Q) = 22 - 2Q and has total cost function TC(Q)...

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A monopolist faces inverse demand p(Q) = 22 - 2Q and has total cost function TC(Q) 2Q. = a. Calculate the equilibrium price, quantity, consumer surplus, and producer surplus if the monopolist must charge all consumers the same price. b. Suppose instead that the monopolist can perfectly price discriminate among consumers. What are the price, quantity, consumer surplus, and producer surplus now? c. Alternatively, the monopolist decides to charge a two-part tariff. What lump sum fee and price per unit should the monopolist charge if consumers are homogeneous? A monopolist faces inverse demand p(Q) = 22 - 2Q and has total cost function TC(Q) 2Q. = a. Calculate the equilibrium price, quantity, consumer surplus, and producer surplus if the monopolist must charge all consumers the same price. b. Suppose instead that the monopolist can perfectly price discriminate among consumers. What are the price, quantity, consumer surplus, and producer surplus now? c. Alternatively, the monopolist decides to charge a two-part tariff. What lump sum fee and price per unit should the monopolist charge if consumers are homogeneous?

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a To find the equilibrium price and quantity we need to set the marginal cost equal to the marginal revenue Given Inverse demand pQ 22 2Q Total cost TCQ 20 Marginal Revenue MR is the derivative of the ... View the full answer