Monopoly and price discrimination: previous year questions
Asked 8 times in 2 exams across 3 years. Newest first.
Practise Monopoly and price discrimination, easy to hard →
- GATE 2023 Q65A monopolist is facing the demand function Q = 100/((P-1)), where Q is the quantity demanded and P is the price per unit of the good (P>1). The…
- IIT JAM 2022 Q40A monopolist faces demand Q = P^e, where e is the price elasticity of demand (e < -1), and Marginal Cost = Average Cost = α. Let P_C and P_M be the…
- GATE 2021 Q6XYZ Co. Ltd. is a costless monopoly from suburban Mumbai producing and selling exotic mushrooms. The demand for mushrooms is given by Q=700-100P Do…
- GATE 2021 Q36Suppose the demand for a new pharmaceutical drug, on which the manufacturer has a patent monopoly, is given by: Q=(100-P)A⁰·⁵; where Q is output, P…
- IIT JAM 2021 Q11A monopoly canteen serves two groups with demands Q_X = 200 - 4P and Q_Y = 300 - P, where P is the uniform price. The unit cost of each meal is Rs.…
- IIT JAM 2021 Q29A monopolist faces a downward sloping linear market demand and his variable cost of production is zero. The profit maximizing price will
- IIT JAM 2021 Q31An album has demand Q = 40000 - 800P and unit production cost Rs. 8. A profit-maximizing recording company offers the singer these contracts: (i)…
- IIT JAM 2021 Q53A firm has two plants with TC₁ = 500 + 30Q₁ and TC₂ = 1500 + 20Q₂. Demand is Q^d = 150 - P/3. The value of Q₁ that maximizes the firm's profit is _…