If a monopoly faces an inverse demand curve of p=210-Q, has a constant marginal and average cost of $30, and can perfectly price discriminate, what is its profit? What are the consumer surplus, welfare, and deadweight loss? How would these results change if the firm were a single-price monopoly? Profit from perfect price discrimination (x) is $ 16200. (Enter your response as a whole number.) Corresponding consumer surplus is (enter your response as whole numbers): welfare is and deadweight loss is CS=$0, W=$ 16200. DWL=$0. Profit from single-price profit-maximization is = $8100 (Enter your response as a whole number.) Corresponding consumer surplus is (enter your response as whole numbers): welfare is and deadweight loss is CS = $. W=$. DWL=$
If a monopoly faces an inverse demand curve of p=210-Q, has a constant marginal and average cost of $30, and can perfectly price discriminate, what is its profit? What are the consumer surplus, welfare, and deadweight loss? How would these results change if the firm were a single-price monopoly? Profit from perfect price discrimination (x) is $ 16200. (Enter your response as a whole number.) Corresponding consumer surplus is (enter your response as whole numbers): welfare is and deadweight loss is CS=$0, W=$ 16200. DWL=$0. Profit from single-price profit-maximization is = $8100 (Enter your response as a whole number.) Corresponding consumer surplus is (enter your response as whole numbers): welfare is and deadweight loss is CS = $. W=$. DWL=$
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter9: Monopoly
Section: Chapter Questions
Problem 6SQ
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Transcribed Image Text:If a monopoly faces an inverse demand curve of
p=210-Q,
has a constant marginal and average cost of $30, and can perfectly price discriminate, what is its profit? What are the consumer surplus, welfare, and deadweight loss? How would these results
change if the firm were a single-price monopoly?
Profit from perfect price discrimination (x) is $ 16200. (Enter your response as a whole number.)
Corresponding consumer surplus is (enter your response as whole numbers):
welfare is
and deadweight loss is
CS=$0,
W=$ 16200.
DWL=$0.
Profit from single-price profit-maximization is = $8100 (Enter your response as a whole number.)
Corresponding consumer surplus is (enter your response as whole numbers):
welfare is
and deadweight loss is
CS = $.
W=$.
DWL=$
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