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What price should it charge

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Suppose a software monopolist faces two markets for its software, students and professionals. The demand curve of professionals is given by QP = 200 - 2PP and the demand curve by students is given by QS = 150 - 3PS. The firm's cost function is C(Q) = 400 + 5Q.

(a) If the firm can price discriminate, what price should it charge in each market to maximize profits? How much profit does it earn?

(b) If the firm cannot price discriminate, what price should it charge? Verify that it sells to both markets at this price. How much profit does it earn? Hint: If the firm cannot price discriminate, this means it must treat the two markets as a single combined market.

Reference no: EM132401050

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