Compute the optimal price of the firms cough

Reference no: EM133710495

Question: A firm that produces medicine sells its cough medicine in two cities, a and b. the demand functions in these two cities, respectively, are: pa = 18-qa and pb = 14- qb. the firm's plant is located roughly midway between the two cities. as a result, the total cost of producing and delivering cough medicine to each town is: 2 3q; where i = a, b. compute the optimal price of the firm's cough medicine if the two cities are treated as a common market.

Reference no: EM133710495

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