Suppose a major insulin manufacturer sells in two markets, the U.S.A. and Mexico. If the marginal cost is the same in both markets, to maximize profits, it would charge _______ in the U.S.A. and _________ in Mexico. Group of answer choices $3700, $600 $50, $50 $3650, $550 $600, 3700

Suppose a major insulin manufacturer sells in two markets, the U.S.A. and Mexico. If the marginal cost is the same in both markets, to maximize profits, it would charge _ in the U.S.A. and ___ in Mexico. Group of answer choices $3700, $600 $50, $50 $3650, $550 $600, 3700

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter12: Medicare

Section: Chapter Questions

Problem 1QAP

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Question

Figure: Insulin Prices

Group of answer choices

$3700, $600

$50, $50

$3650, $550

$600, 3700

Insulin Prices
Price
$3,700
$50
U.S.A
100
MR
300
Demand
Price
Quantity
$600
MC=AC $50
300
Mexico
MR
450
Demand
MC=AC
Quantity

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