2 marksMicroeconomicsMonopoly and price discriminationMonopoly equilibrium and marginal revenueHardabout 2 min

UGC-NET 2024 Question 20: Monopoly and price discrimination

Suppose $Q = 20/P$ and $P \leq 10$ , $MC = 1$ ; then the profit-maximising price and quantity will be:

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Suppose Q = 20/P and P ≤ 10, MC = 1; then the profit-maximising price and quantity will be: (A) P = 20, Q = 4 (B) P = 5, Q = 4 (C) P = 10, Q = 2 (D) P = 4, Q = 5

Also written as: Suppose Q = 20/P and P <= 10, MC = 1; then the profit-maximising price and quantity will be:

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

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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.

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Suppose Q = 20/P and P ≤ 10, MC = 1; then the profit-maximising price and quantity will be: (A) P = 20, Q = 4 (B) P = 5, Q = 4 (C) P = 10, Q = 2 (D) P = 4, Q = 5

Also written as: Suppose Q = 20/P and P <= 10, MC = 1; then the profit-maximising price and quantity will be:

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

Question from the UGC-NET 2024 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.

UGC-NET 2024 Question 20: Monopoly and price discrimination

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What this question tests

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UGC-NET 2024 Question 20: Monopoly and price discrimination

Answer and worked solution

What this question tests

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