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.)

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