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
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