Monopolist pursues separate monopoly pricing policy

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A monopolist faces a market A demand curve given by: QA = 70 – P and market B demand curve given by: QB = 50 – 0.5P. This monopolist pursues a separate monopoly pricing policy in each market. Assume arbitrage between the two markets can be prevented. If the monopolist can produce at constant average and marginal costs of AC = MC = 6, the monopolist’s total profits from both markets A and B are equal to what number? (NOTE: Write your first answer in number format, with 2 decimal places of precision level; do not write your answer as a fraction. Use a period for the decimal separator and a comma to separate groups of thousands). Show all steps.

Reference no: EM131095875

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