If a monopoly faces an inverse demand curve of p=330-Q, has a constant marginal and average cost of $90, 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: (Enter your response as a whole number.)

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter14: Monopoly
Section14.4: Price Discrimination
Problem 4QQ
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If a monopoly faces an inverse demand curve of
p=330-Q,
has a constant marginal and average cost of $90, 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
(Enter your response as a whole number.)
Transcribed Image Text:If a monopoly faces an inverse demand curve of p=330-Q, has a constant marginal and average cost of $90, 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 (Enter your response as a whole number.)
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