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If Black Box Cable TV is unable to price discriminate, what price will it choose to maximize its profit and what is the amount of the profit?
If Black Box Cable TV is unable to price discriminate, what price will it choose to maximize its profit and what is the amount of the profit? Possibly increase, decrease or not effect profit-maximizing price and quantity, depending on the elasticity of demand. Not effect the profit-maximizing price or quantity. Not effect the profit-maximizing price or quantity. For a monopolist, when does marginal revenue exceed average revenue?