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A monopolist has a constant marginal cost of 2 per unit and

A monopolist has a constant marginal cost of $2 per unit and no fixed costs. He faces separate markets in the United States and England. He can set one price p₁ for the U.S market and another price p₂ for the English market. If demand in the United States is given by Q₁ = 6,000 - 600p₁ and demand in England is given by Q₁ = 2,400 - 400p₂, then the price in the United States will

a. be larger than the price in England by $2

b. be smaller than the price in England by $2

c. equal the price in England

d. be larger than the price in England by $4

e. be smaller than the price in England by $4

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Business Management: A monopolist has a constant marginal cost of 2 per unit and

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