Elucidate what prices he should charge in two markets

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Reference no: EM1350624

Suppose a monopoly firm sells a prodcut in two markets with demand curves

P1 = 300 - 0.5Q P2 = 200 - 0.5Q2
and total cost functon is TC = 22000 + 100Q.

In order to maximise profits

(a) Elucidate what prices he should charge in two markets?

(b) Illustrate quantities be should sell in the two markets?

Reference no: EM1350624

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