Suppose a monopolist faces two markets with demand curves given by D1(p1) = 200 -p1 D2(p2) = 100 -2p2 Assume that the monopolist’s cost function is c(y) = y^2 1. What is the optimal prices for the monopolist if it can charge different prices in these markets? 2. What is the optimal price if the monopolist must charge the same price in each market? 3. How much total consumers’ surplus changes between the two separate prices and the same price cases?   Please answer this correctly, quickly,and legibly. This is my third submission of the same question. The first one was wrong and unredeemable the second one was not legible.

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter14: Monopoly
Section: Chapter Questions
Problem 14.9P
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Suppose a monopolist faces two markets with demand curves given by
 D1(p1) = 200 -p1
 D2(p2) = 100 -2p2
 Assume that the monopolist’s cost function is c(y) = y^2

1. What is the optimal prices for the monopolist if it can charge different prices in these markets?
 2. What is the optimal price if the monopolist must charge the same price in each market?
 3. How much total consumers’ surplus changes between the two separate prices and the same
 price cases?

 

Please answer this correctly, quickly,and legibly. This is my third submission of the same question. The first one was wrong and unredeemable the second one was not legible.

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