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The following table indicates the prices various buyers are willing to pay for a Mini Cooper car: Buyer Maximum Price Buyer Maximum Price Buyer A $50,000 Buyer D $20,000 Buyer B 40,000 Buyer E 10,000 Buyer C 30,000 Buyer F 0 The cost of producing the cars includes $40,000 of fixed costs and a constant marginal cost of $10,000
The following table indicates the prices various buyers are willing to pay for a Mini Cooper car:
Buyer Maximum Price Buyer Maximum Price
Buyer A $50,000 Buyer D $20,000 Buyer B 40,000 Buyer E 10,000 Buyer C 30,000 Buyer F 0
The cost of producing the cars includes $40,000 of fixed costs and a constant marginal cost of $10,000.
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- Graph below the demand, marginal revenue, and marginal cost curves.
- What is the profit-maximizing rate of output and price for a monopolist? How much total profit does the monopolist make?
- If the monopolist can price discriminate, how many cars will he sell?
- How much profit will he make?
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