Monopoly, Price Discrimination, and International Trade: An Economic Analysis

A detailed analysis of monopoly structures, price discrimination, and global trade impacts.

David Rodriguez

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Monopoly, Price Discrimination, and International Trade: An EconomicAnalysisPart A1)As per the above question, the Futures Unlimited Corporation has invented the engine ofrocket car. As an inventor it is currently enjoying an exclusive patent of the service. Onlythis firm has the exclusive right tocontrol and distribute the quantity of this certainisotope of plutonium on the market. Thus it is enjoying a monopoly. Therefore the firmwill maximize its profit.The profit maximizing behavior of a monopolist is given below:Profit (π) = Total Revenue (TR)–Total Cost (TC)= P×Q–TCAccording to the FOC of profit maximization, we get=-[Here P is not fixed]= MR–MC = 0Therefore MR = MC

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