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Consider a monopolist that operates in two markets. Their demand curves are D.P.) = 300 - 3p, and D2(P2) - 250 - 2p2. The monopolist has a (sunk) fixed cost of $7,000 and its marginal cost is constant

Consider a monopolist that operates in two markets. Their demand curves are D.P.) = 300 - 3p, and D2(P2) - 250 - 2p2. The monopolist has a (sunk) fixed cost of $7,000 and its marginal cost is constant at MC = 10.
(c) (6 points) Now a technological innovation enables resale between markets, so the monopolist must set a uniform price. What are the profit-maximizing price, punil, and total quantity,

Apr 10 2021 View more View Less

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