Profit from perfect price discrimination (x) is $88200. (Enter your response as a whole number.) Corresponding consumer surplus is (enter your response as whole numbers): welfare is and deadweight loss is Profit from single-price profit-maximization is z = $44100. (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 = $ 88200 DWL = $0. CS=$ 22050 W = $ 66150 DWL = $ 22050

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter9: Market Structure And Long-run Equilibrium
Section: Chapter Questions
Problem 4MC
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If a monopoly faces an inverse demand curve of
p=450-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 () is $88200. (Enter your response as a whole number.)
Corresponding consumer surplus is (enter your response as whole numbers):
welfare is
and deadweight loss is
Profit from single-price profit-maximization is = $44100. (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 = $ 88200
DWL = $0.
CS = $ 22050
W = $ 66150
DWL = $ 22050
Transcribed Image Text:If a monopoly faces an inverse demand curve of p=450-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 () is $88200. (Enter your response as a whole number.) Corresponding consumer surplus is (enter your response as whole numbers): welfare is and deadweight loss is Profit from single-price profit-maximization is = $44100. (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 = $ 88200 DWL = $0. CS = $ 22050 W = $ 66150 DWL = $ 22050
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