Question:Hawkins micro brewery has a monopoly on oatmeal stout in the local
market. The inverse demand...
Question
Hawkins micro brewery has a monopoly on oatmeal stout in the local
market. The inverse demand...
Hawkins micro brewery has a monopoly on oatmeal stout in the local
market. The inverse demand is P = 50 - 0.5Q. The marginal revenue
is MR = 50 - 1Q. MC = 5 + 0.5Q.
Calculate Hawkins profit maximizing output.
Calculate the producer surplus.
Calculate the dead-weight loss.
What is the optimal price ceiling?
If Hawkins was able to practice perfect price discrimination
what price would it charge?