Consider a monopolist facing the following demand and cost curves
Date: 30 Jan 2013 Posted By: Dharmendra Kumar Singh
Group: Education Category: Exam Questions

Consider a monopolist facing the following demand and cost curves. P = 50  2Q C = 25+10Q
(Hint: Total demand at any point P will be the summation of two quantities) Suppose the firm is able to separate its customers in two distinct markets with the following demand functions.
P1 = 40  2.5Q1 P2 = 90  10Q2 From the above equation calculate the following:
i) Total demand ii) Marginal Revenue iii) Marginal Cost

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