(Scenario: Discriminating Monopolist) the Demand Curve in Its Home Market

question 198

Multiple Choice

(Scenario: Discriminating Monopolist) The demand curve in its home market is P = 200 - Q; the demand curve in its foreign market is P = 160 - 2Q; and its marginal cost is a constant $20 per unit. Its marginal revenue in the home market is MR =200 - 2Q and is MR = 160 - 4Q in the foreign market. What is the discriminating monopolist's price in the domestic market?

• A) $90
• B) $110
• C) $70
• D) $35

Distinguish between contracts that are void, unenforceable, or voidable due to illegality.

Recognize the public policy basis for competition restrictions in contractual agreements.

Understand the enforceability and legal considerations around noncompetition clauses.

Comprehend the role and scope of exculpatory clauses within contracts.

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Definitions:

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