What are the profit-maximizing prices in each market. if, Ask an Expert

Economics

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?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M925717

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