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QUESTION
Consider a monopolist with marginal cost equal to $5 selling to two market segments with inverse demands given by pH=20-qH and pL=15-qL . There are...
Consider a monopolist with marginal cost equal to $5 selling to two market segments with inverse demands given by pH=20-qH and pL=15-qL . There are no fixed costs. Calculate the amount of profit the monopolist could theoretically make if he could perfectly (1st degree) price discriminate.
