Question

A monopoly sells in two​ countries, and resales between the countries are impossible. The demand curves...

A monopoly sells in two​ countries, and resales between the countries are impossible. The demand curves in the two countries are

p 1 equals 100 minus Upper Q 1p1=100−Q1​,

and

p 2 equals 120 minus 2 Upper Q 2p2=120−2Q2.

The​ monopoly's marginal cost is m​ =

​$3535.

Solve for the equilibrium price in each country.

The equilibrium​ price,

p1​,

is

​$nothing.

​ (Round your answer to the nearest​ penny.)

The equilibrium​ price,

p2​,

is

​$nothing.

​ (Round your answer to the nearest​ penny.)

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A monopolistic pharmaceutical company sells a pill in two countries, and resales between the countries are...
A monopolistic pharmaceutical company sells a pill in two countries, and resales between the countries are impossible. The demand curves in the two countries are: P1 = 100− Q1 and P2 = 120−2Q2. The monopolist’s marginal cost is $30. Solve for the equilibrium price in each country. What is the equilibrium price and quantity if the monopolist decides to treat the two markets as one big market and charge a unique price? Compare the profits in these two situations.
A monopoly sells its good in the United​ States, where the elasticity of demand is −2​,...
A monopoly sells its good in the United​ States, where the elasticity of demand is −2​, and in​ Japan, where the elasticity of demand is −5.5. Its marginal cost is $7. At what price does the monopoly sell its good in each country if resales are​ impossible? The price in the United States is $_______. The price in Japan is $_______. ​ (Round your answer to the nearest​ penny.)
Given the cost​ function: Cost equals 0.2 q cubed minus 6 q squared plus 80 q...
Given the cost​ function: Cost equals 0.2 q cubed minus 6 q squared plus 80 q plus Upper F ​, and marginal​ cost: 0.6q2 minus 12q​ + 80 where q​ = output, and F​ = fixed costs​ = ​$100 . The demand equation​ is: p​ = 100 minus 2 q. Determine the​ profit-maximizing price and output for a monopolist. The​ profit-maximizing output level occurs at nothing units of output ​(round your answer to the nearest tenth​). The​ profit-maximizing price occurs...
1. Consider a monopolist with unit cost c = 20, facing two separate markets with demand...
1. Consider a monopolist with unit cost c = 20, facing two separate markets with demand functions D1(p1) = 100 - p1 and D2(p2) = 60 - 2p2. (a) Find the optimal prices (p1*, p2*) and quantities (q1*, q2*) with price discrimination. (b) Find the optimal price p* and quantity q* without price discrimination. Compare them to the answers in (a) (c) Compare total welfare with and without price discrimination. Explain your answer.
Each firm in a competitive market has a cost function​ of: Upper C equals 36 plus...
Each firm in a competitive market has a cost function​ of: Upper C equals 36 plus q squaredC=36+q2​, so its marginal cost function is MC equals 2 qMC=2q. The market demand function is Upper Q equals 48 minus pQ=48−p. Determine the​ long-run equilibrium​ price, quantity per​ firm, market​ quantity, and number of firms. The output per firm is nothing. ​(round your answer to the nearest​ integer)
The inverse demand curve a monopoly faces is p equals 15 Upper Q Superscript negative 0.5....
The inverse demand curve a monopoly faces is p equals 15 Upper Q Superscript negative 0.5. What is the​ firm's marginal revenue​ curve? Marginal revenue​ (MR) is MRequals 7.5 Upper Q Superscript negative 0.5. ​(Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts.​ E.g., a superscript can be created with the​ ^ character.) The​ firm's cost curve is Upper C left parenthesis Upper Q right parenthesis equals 5 Upper Q. What is...
6. Calculate (a) the monopoly price, quantity, and profit for a firm facing a demand curve...
6. Calculate (a) the monopoly price, quantity, and profit for a firm facing a demand curve (1 pt) Q = 400 – 4P with constant MC = 40 Hint: Remember we use “inverse” demand curve where P(Q) to use the twice as steeply sloped rule. b) Now write out the 3 conditions necessary for a monopolist to be able to price discriminate. (1 pt) c) Consider a monopolist who can use 3rd degree price discrimination by separating the above demand...
Suppose the demand and supply curves for sparkling cider are given by: QD = 110 –...
Suppose the demand and supply curves for sparkling cider are given by: QD = 110 – 20P QS = -32 + 13P where QD is the quantity of sparkling cider demanded (in thousands of bottles), QS is the quantity supplied, and P is the price of sparkling cider (in dollars per bottle). a. Find the equilibrium price and quantity of sparkling cider. Round P to the nearest cent (hundredth) and Q to the nearest whole number. b.If price is set...
Researchers wondered if there was a difference between males and females in regard to some common...
Researchers wondered if there was a difference between males and females in regard to some common annoyances. They asked a random sample of males and​ females, the following​ question: "Are you annoyed by people who repeatedly check their mobile phones while having an​ in-person conversation?" Among the 517517 males​ surveyed, 168168 responded​ "Yes"; among the 545545 females​ surveyed, 204204 responded​ "Yes." Does the evidence suggest a higher proportion of females are annoyed by this​ behavior? Complete parts​ (a) through​ (g)...
(a) Consider a monopoly market with the following demand equation for a good Z. P =...
(a) Consider a monopoly market with the following demand equation for a good Z. P = 100 – 0.2 Q Suppose fixed cost is zero and marginal cost is given by MC = 20. Answer the following questions. (i) Based on the information given, draw the diagram which shows the marginal revenue (MR) curve, marginal cost (MC) curve and the demand (D) curve of the monopoly. Show the value of X and Y intercepts for these curves. (ii) Explain why...