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Draw the graphs in addition to the numerical solution

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Reference no: EM132294112

Suppose that the demand curve for Paxil in the US is given by P=25-Q and in Greece it is P=10-Q and that it is a monopolist in both countries. Suppose that MC is 2 in both countries. What are the Paxil prices GlaxoSmithKline should set for US and Greece that would maximize global profits? Please draw the graphs in addition to the numerical solution.

Reference no: EM132294112

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