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Given the demand function about monopoly price, market equilibrium, demand, and supply

A firm provides two services with demands given by:

P1 = 13.5 - .01Q1

P2 = 7 - .02Q2

The services are provided with costs given by:

C = 900 + 2.5Q1 + 2Q2

Derive the factor that the price markup in this Ramsey solution is adjusted relative to a monopoly markup.

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M918414

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