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The monopolist has fixed costs of $1,000 and has a constant marginal cost of $2 per unit.
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Question

Please provide the calculations/justifications for all questions. 

  1. The monopolist has fixed costs of $1,000 and has a constant marginal cost of $2 per unit. If the monopolist were able to perfectly price discriminate, how many units would it sell? Assume that the monopoly faces the following demand curves ,

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  1. Use the following table to calculate the four-firm concentration ratio for the U.S. auto market. Does this indicate a concentrated market or not? 
  2.  Use the previous table to calculate the Herfindal-Hirschman Index for the U.S. auto market. Would the FTC approve a merger between GM and Ford?


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