Seafood Salt Company wishes to set the same price in two markets A and B. The firm’s total cost schedule is TC = 300 + $4*QA + $4*QB. Demands in the two markets are QA = 120-10*PA and QB = 120 – 12*PB. If the firm does not price discriminate, the profit-maximizing price to charge in both markets is

Seafood Salt Company wishes to set the same price in two markets A and B. The firm’s total cost schedule is TC = 300 + $4QA + $4QB. Demands in the two markets are QA = 120-10PA and QB = 120 – 12PB. If the firm does not price discriminate, the profit-maximizing price to charge in both markets is

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter8: Monopoly

Section: Chapter Questions

Problem 17SQ

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