A monopoly book publisher with a constant marginal cost (and average cost) of MC = 11 sells a novel in only two countries and faces a linear inverse demand curve of in Country 1 and P₂ = 15 - Q₂ in Country 2. What price would a profit-maximizing monopoly charge in each country with and without a ban against shipments between countries? P₁ = 6-0.5Q₁ With a ban against shipments between countries, the monopoly sell Country 1 Q₁ = | and Country 2 Q₂ =| units units. (Enter your responses rounded to two decimal places.)

A monopoly book publisher with a constant marginal cost (and average cost) of MC = 11 sells a novel in only two countries and faces a linear inverse demand curve of in Country 1 and P₂ = 15 - Q₂ in Country 2. What price would a profit-maximizing monopoly charge in each country with and without a ban against shipments between countries? P₁ = 6-0.5Q₁ With a ban against shipments between countries, the monopoly sell Country 1 Q₁ = | and Country 2 Q₂ =| units units. (Enter your responses rounded to two decimal places.)

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter9: Monopoly

Section: Chapter Questions

Problem 33P: Draw a monopolists demand curve, marginal revenue, and marginal cost curves. Identify the...

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