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 34,35,36, and 37.
The market demand function is Q =1202P, where P is the price per unit of
output.
A firms total cost function is TC =20Q, where Q is the output level.
34) If the firm uses a single-pricing strategy, what is the producer surplus at
its profit-maximizing output?
A) $1600.
B) $1200.
C) $800.
D) $400.
E) None of the above.
35) If the firm uses a single-pricing strategy, what is the total surplus at its
profit-maximizing output?
A) $1600.
B) $1200.
C) $800.
D) $400.
E) None of the above.
36) If the firm uses a single-pricing strategy, what is the deadweight loss at
its profit-maximizing output?
A) $1600.
B) $1200.
C) $800.
D) $400.
E) None of the above. 37) If the firm uses perfect price discrimination, what is its total profit?
A) $1600.
B) $1200.
C) $800.
D) $400.
E) None of the above

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