A movie monopolist sells to college students and other adults. The demand function for students is QdS-840-100P, and the demand function for other adults is QdA=1,800-100P. Costs is C(Q)=1Q+0.005Q2mper ticket, where Q = QS + QA. Instructions: Round your answers to 2 decimal places. a. What prices will the monopolist set when she can discriminate? Pstudent = $ per ticket.
A movie monopolist sells to college students and other adults. The demand function for students is QdS-840-100P, and the demand function for other adults is QdA=1,800-100P. Costs is C(Q)=1Q+0.005Q2mper ticket, where Q = QS + QA. Instructions: Round your answers to 2 decimal places. a. What prices will the monopolist set when she can discriminate? Pstudent = $ per ticket.
Chapter28: Antitrust And Regulation
Section: Chapter Questions
Problem 8E
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