If a monopolist can sell 2 units at price of $200 per unit and 3 units at a pric

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If a monopolist can sell 2 units at price of $200 per unit and 3 units at a price of $180 per unit, its marginal revenue at an output of 3 is A) $-20 B) $20 C) $140 D) $180 E) $60 4. Which of the following conditions hold true for both the perfectly competitive firm and the monopoly at the profit-maximizing output level? A) MR = P B) MC = ATC C) MC = P D) MR = MC 5. Which of the following conditions is not necessary for a firm to be able to engage in price discrimination by market segmentation? I. The firm must be able to produce to the point at which price equals marginal cost. II. The firm must be able to identify consumers with different demand for the product. III. The firm must be able to prevent resale of the item it produces and sells. A) I only B) III only C) Both I and II only D) Both II and III only 6. For the next two problems, it may help to refer the graphs that we drew in the class notes. Suppose a market is monopolized. Suppose the demand function is P = 600

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b

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