Determine optimal profits and prices for given situations, Microeconomics

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Determine optimal profits and prices for given situations

Suppose a monopolist faces two demand schedules P1= 36 - Q1 and P2 = 18 - Q2/2and TC = 16Q. Determine the optimal profits, prices, and output level for the following situations.

a. Can charge different prices in both markets?
b. Must charge the same price in both markets?

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Microeconomics: Determine optimal profits and prices for given situations

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Microeconomics: Determine optimal profits and prices for given situations

Reference No:- TGS070207

Have a Question? (oR Write a Review)

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Ask an Expert for Answer!!

Microeconomics: Determine optimal profits and prices for given situations

Reference No:- TGS070207

Recent Questions Asked Microeconomics

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