Question a monopolist sells in two countries and practices, Ask an Expert

Economics

Question: 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?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92599061

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