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Description of Profit Maximizing

A monopolist sells in both Milwaukee and Cleveland and has identical marginal costs of 8 in each market. If the elasticity of demand in Milwaukee is -5 and in Cleveland is -2 what are the profit-maximizing prices in each market? If the product can be easily shipped from one city to the other at a cost of 2 per unit, would this change your answer?

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M925717

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