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A monopoly has the demand schedule p 210 - 02q and the

Question: A monopoly has the demand schedule p = 210 - 0.2q and the marginal cost schedule MC = 20 + 0.8q

(a) If it can practise first-degree price discrimination how much should it sell?

(b) If it can practise second-degree price discrimination and it has already made the decision to sell the first 100 units at a price of £190, what price should it charge for the rest of the units it sells?

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