Suppose that the monopolist can produce with total cost: TC = 20Q. Assume that the monopolist sells its goods in two different markets separated by some distance. The demand curves in the first market and the second market are given by Q, = 240 - 4P, and Q2 = 360-2P. Suppose that consumers can mail the product from cheaper location to a more expensive location at a mailing cost $24. What would be the monopolist profit? O $14896 O $11516 O $13844 $12672
Suppose that the monopolist can produce with total cost: TC = 20Q. Assume that the monopolist sells its goods in two different markets separated by some distance. The demand curves in the first market and the second market are given by Q, = 240 - 4P, and Q2 = 360-2P. Suppose that consumers can mail the product from cheaper location to a more expensive location at a mailing cost $24. What would be the monopolist profit? O $14896 O $11516 O $13844 $12672
Chapter14: Monopoly
Section: Chapter Questions
Problem 14.9P
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Question
![Suppose that the monopolist can produce with total cost: TC = 200. Assume that the monopolist sells its
goods in two different markets separated by some distance. The demand curves in the first market and the
second market are given by Q, = 240 - 4P, and Q2 = 360 - 2P2. Suppose that consumers can mail the
product from cheaper location to a more expensive location at a mailing cost $24. What would be the
monopolist profit?
O $14896
O $11516
$13844
O $12672](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F90da507b-a989-489e-b540-7c4d07bbcdef%2F813d7bad-8332-47c0-bc10-19a285a9dea5%2Fg88pxq1_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose that the monopolist can produce with total cost: TC = 200. Assume that the monopolist sells its
goods in two different markets separated by some distance. The demand curves in the first market and the
second market are given by Q, = 240 - 4P, and Q2 = 360 - 2P2. Suppose that consumers can mail the
product from cheaper location to a more expensive location at a mailing cost $24. What would be the
monopolist profit?
O $14896
O $11516
$13844
O $12672
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