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- True/ False There is a price discrimination in the monopoly market.A monopoly sells good in the United States, where the elasticity of demand is -2, and in Japan, where the elasticity of demand is -5. Its marginal cost is $10. At what price does the monopoly sell its good in each country if resale is impossible?Suppose a monopoly's price elasticity of demand equals -2 and the marginal cost of production equals $400.00. The profit-maximizing price is $ - (Enter a numeric response using a real number rounded to two decimal places.) What will be the firm's markup? When maximizing profit, the monopoly's markup is percent. (Round your response to the nearest percent.) tv 20 MacBook Air DII 80 F7 F4 F3 F2 & @ %23 3 4 7 9 { W E R T Y 一 P F G H J K > C V command op nd ...- * C0 B
- Describe the concept of price elasticity? Why it is for a monopoly less profitable to act inmarkets with high price elasticity?A movie production company is planning to make its new movie available online so that it can enjoy monopoly power. Each time the movie is downloaded the production company has to pay 4 taka to the internet service provider. Now it is deciding what price to charge for each download. The numbers below shows the demand schedule for the company, Price per download dollar - 10, 8, 6, 4, 2, 0. Quantity of downloads demands 0, 1, 3, 6, 10, 15. a) Calculate the total revenue and marginal revenue per download. b) To maximize profit what price should be charged and how many downloads would need to be sold?Monopoly and Price Elasticity PLEASE HELP