What is the consumer-producer and total surplus

Reference no: EM13182937

A firm is the only seller of the same good in two markets, market 1 and market 2. The inverse demand in market 1 is p1 = 200 ? q1, and the inverse demand in market 2 is p2 = 100 ? 2q2. The marginal cost of production is constant and equal to 40.

the monopolist is allowed to charge different prices in each market, how much would it charge? What is the consumer, producer and total surplus?

Reference no: EM13182937

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