Assume that a firm faces the following cost curve and demand curves for markets X and Y: TC = 20 + 4Q +Q? %3D Px = 100 - 2Qx %3D Py 76- Qy Assuming that the firm charges a different price in each market, what will be the profit- maximising quantity and price? The price in market X is and the quantity sold is The price in market Y is and the quantity sold is Assume now that the firm can only charge the same price on both markets. What would be the profit-maximising quantity and price? The price is and the quantity sold is

Assume that a firm faces the following cost curve and demand curves for markets X and Y: TC = 20 + 4Q +Q? %3D Px = 100 - 2Qx %3D Py 76- Qy Assuming that the firm charges a different price in each market, what will be the profit- maximising quantity and price? The price in market X is and the quantity sold is The price in market Y is and the quantity sold is Assume now that the firm can only charge the same price on both markets. What would be the profit-maximising quantity and price? The price is and the quantity sold is

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter14: Monopoly

Section: Chapter Questions

Problem 14.3P

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