Problem
A monopolist sells in two countries and practices price discrimination by charging different prices in each country. The monopolist produces at constant marginal cost MC =10 Demand in country 1 is Q1= 100-2p1 . Country 2 demand is Q2 = 60 -p2.
a. What is the equilibrium price and quantity in each country?
b. What is the revenue in each country?
c. What are the self - price elasticities in each country?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.