Solution) A discriminating monopolist sells in two markets where the demand respectively is Q1 =24-0.20P1, Q2
Question: A discriminating monopolist sells in two markets where the demand respectively is Q1 =24-0.20P1, Q2 =10-0.05P2 and total cost is C=35+40Q where Q=Q1 +Q2
(a) Determine the quantity sold and the price charged in each market.
(b) Find the price elasticity of demand at equilibrium in each market and comment on how they relate to the relative prices charged in both markets.
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Solution: The solution consists of 2 pages
Deliverables: Word Document
Deliverables: Word Document
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