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Price discriminating Monopolist: A monopolist charges different prices to business travelers and economy travellers. The demand function is P=50-5Q for business travelers and P=100-10Q for economy

Price discriminating Monopolist: A monopolist charges different prices to business travelers and economy travellers. The demand function is P=50-5Q for business travelers and P=100-10Q for economy travellers and the cost function for all travelers is C(Q)=90+200 dollars. How much should it charge in each market to maximize profit?

Apr 15 2021 View more View Less

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