A monopolist has two sets of consumers, call them group 1 and group 2. Group 1's...

 

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A monopolist has two sets of consumers, call them group 1 and group 2. Group 1's demand for the product is given by P(Q)= 180-Q, while that of group 2 is given by Q(P) = 84-0.6667P Group1 is described by an Inverse demand function while Group 2 is described by an demand function Suppose the two markets are treated as one, the monopolist's total quantity demanded at price 100.8 is that price is and the monopolist's total quantity demanded at price 143 is Suppose farther that the monopolist has a constant marginal cost of 28 What is the monopolist's profit-maximizing price if both groups were charged the same price Oonly consumers in Group 1 OConsumers in both Group 1 and Group 2 What is the monopolist's profit-maximizing quantity if both groups were charged the same price What are the monopolist's profits if both groups were charged the same price what is the quantity supplied and demanded to Group 1 what is the quantity supplied and demanded to Group 2 Now suppose the monopolist can price discriminate What is the price charged for Group 1 What are the profits from Group 1 What is the price charged for group 2 What are the profits from Group 2 ▸ Please answer all parts of the question. and the marginal revenue at that price is + , and the marginal revenue at and the monopolist will serve Oonly consumers in Group 2 A monopolist has two sets of consumers, call them group 1 and group 2. Group 1's demand for the product is given by P(Q)= 180-Q, while that of group 2 is given by Q(P) = 84-0.6667P Group1 is described by an Inverse demand function while Group 2 is described by an demand function Suppose the two markets are treated as one, the monopolist's total quantity demanded at price 100.8 is that price is and the monopolist's total quantity demanded at price 143 is Suppose farther that the monopolist has a constant marginal cost of 28 What is the monopolist's profit-maximizing price if both groups were charged the same price Oonly consumers in Group 1 OConsumers in both Group 1 and Group 2 What is the monopolist's profit-maximizing quantity if both groups were charged the same price What are the monopolist's profits if both groups were charged the same price what is the quantity supplied and demanded to Group 1 what is the quantity supplied and demanded to Group 2 Now suppose the monopolist can price discriminate What is the price charged for Group 1 What are the profits from Group 1 What is the price charged for group 2 What are the profits from Group 2 ▸ Please answer all parts of the question. and the marginal revenue at that price is + , and the marginal revenue at and the monopolist will serve Oonly consumers in Group 2

Answer rating: 100% (QA)

1 The monopolists total quantity demanded at price 1008 is 164 units To find this we substitute the price 1008 into the demand function PQ 180 Q and solve for Q 1008 180 Q which gives us Q 180 1008 79... View the full answer