Question: Consider local shipping company that faces an inverse demand function for monthly supply consumption of Qd = 100 - P and has a marginal and

Consider local shipping company that faces an inverse demand function for monthly supply consumption of Qd = 100 - P and has a marginal and average cost of $5. Calculate producer surplus, consumer surplus, total surplus, economic profit, and deadweight loss in the following scenarios.

a. A monopolist under single pricing.

b. A monopolist under perfect price discrimination

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