(All Steps) You are the manager of a monopoly. A typical consumer's inverse demand function for your firm's product is P=100-20 Q, and your cost function
Question: You are the manager of a monopoly. A typical consumer's inverse demand function for your firm's product is \(P=100-20 Q\), and your cost function is \(C(Q)=20 Q\)
- Determine the optimal two-part pricing strategy.
- How much additional profit do you earn using a two-part pricing strategy compared with charging this consumer a per-unit price?
Deliverable: Word Document 
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