Question: Use the information provided below for Questions 3 4 , 3 5 , 3 6 , and 3 7 . The market demand function is
Use the information provided below for Questions and
The market demand function is Q P where P is the price per unit of
output.
A firms total cost function is TC Q where Q is the output level.
If the firm uses a singlepricing strategy, what is the producer surplus at
its profitmaximizing output?
A $
B $
C $
D $
E None of the above.
If the firm uses a singlepricing strategy, what is the total surplus at its
profitmaximizing output?
A $
B $
C $
D $
E None of the above.
If the firm uses a singlepricing strategy, what is the deadweight loss at
its profitmaximizing output?
A $
B $
C $
D $
E None of the above. If the firm uses perfect price discrimination, what is its total profit?
A $
B $
C $
D $
E None of the above
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