Question - A single firm produces widgets, with a cost function and inverse demand function as follows,
C(q) : 150 + 2q
P(Qd) : 10 - 0.08Qd
(a) Calculate the monopolist's profit-maximizing price, quantity, and profit if he can charge a single price in the market (single price monopolist).
(b) Suppose the firm can perfectly price discriminate; calculate the monopolist's profit.