Suppose a monopolist faces two demand schedules p1 36

Economics

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, Economics

Category:- Microeconomics
Reference No.:- M970207

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