Are you taking CLEP classes? Try clep.ai
| preferred AP College board partner for AP classes
AP Microeconomics/Unit 4: Imperfect Competition
Start Practice TestPractice Test
About Exam
hard

Monopoly Pricing and Consumer Surplus

Mark
< Prev
Next >

A monopolist faces two separate markets with inverse demand curves of P1=100−2Q1P_1 = 100 - 2Q_1 and P2=80−Q2P_2 = 80 - Q_2. The monopolist’s marginal cost is constant at $20. If the monopolist is prevented from price discriminating and must set a single price for both markets, what will be the total consumer surplus?

A

$0

B

$450

C

$225

D

$900

Hint
Did You Know?
Explain Why
Explain All Answers
Check Answer
Show Correct Answer
Report Question

Question Leaderboard

Not enough data yet to show leaderboard.

AI Tutor

How can I help?

APFIVE © 2020.
Email: apfive@apfive.org|Privacy Policy|