A ?rm serving a market op

A ?rm serving a market op

A ?rm serving a market operates with total variable cost TV C = Q2. The corresponding marginal cost is MC = 2Q. The ?rm faces a market demand curve P = 40 ? 3Q.a. Suppose the ?rm sets a uniform price that maximizes pro?t. What would that price be?b. Suppose the ?rm were able to act as a perfect ?rst-degree price-discriminating monopolist. How much would the ?rm?s pro?t increase compared to part (a)?

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