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Questions › UGC-NET › UGC-NET 2024 › Q74
2 marksMicroeconomics › Monopoly and price discrimination › Monopoly equilibrium and marginal revenueModerateabout 2 min

UGC-NET 2024 Question 74: Monopoly and price discrimination

The marginal revenue of a firm is Rs. 10 and the price it charges per unit is Rs. 30. Assuming that the firm is a profit maximiser, what is the own price elasticity of demand for the firm at that point of profit maximisation?

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Monopoly and price discrimination has come up 128 times in 7 exams since 2004.

What this question tests

This question is on Monopoly equilibrium and marginal revenue, part of Monopoly and price discrimination in Microeconomics.

How a monopolist sets price and output where marginal revenue equals marginal cost.

TestStop has 43 past-paper questions on this subtopic; the nearest in year are below.

  • GATE 2023 · Q65A monopolist is facing the demand function Q = 100/((P-1)), where Q is the quantity demanded and P is the…
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  • 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…
  • IIT JAM 2021 · Q29A monopolist faces a downward sloping linear market demand and his variable cost of production is zero. The…
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Question from the UGC-NET 2024 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.