Remember, quantities need not be integers. A monopolist faces market demand MWTP(Q) = 56 - Q. The marginal cost of production $17. Assume the monopolist has a capacity constraint of 17 units. That means it cannot produce more than 17 units even if it wants to. If it engages in perfect first-degree price discrimination, what is the monopolists total producer surplus? Enter a number only, no $ sign.
Remember, quantities need not be integers. A monopolist faces market demand MWTP(Q) = 56 - Q. The marginal cost of production $17. Assume the monopolist has a capacity constraint of 17 units. That means it cannot produce more than 17 units even if it wants to. If it engages in perfect first-degree price discrimination, what is the monopolists total producer surplus? Enter a number only, no $ sign.
Chapter10: Monopoly
Section: Chapter Questions
Problem 3QP
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Transcribed Image Text:Remember, quantities need not be integers. A monopolist faces market demand MWTP(Q) = 56 - Q. The marginal cost of production $17. Assume the monopolist has a
capacity constraint of 17 units. That means it cannot produce more than 17 units even if it wants to.
If it engages in perfect first-degree price discrimination, what is the monopolists total producer surplus? Enter a number only, no $ sign.
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