Asked by Anonymous
Part III: Calculate the Following Questions by Using the Necessary Steps
(4 pts each)
1) A monopolist is deciding how to allocate output between two markets that are separated geographically. Demands for the two markets are P1 = 15 –Q1 and P2 = 25 – 2Q2. The monopolist’s TC is C = 5 + 3(Q1+Q2). What are price, output, profits, and MR if:
a) The monopolist can price discriminate?
b) The law forbids (prohibits) charging different prices in the two regions?
(4 pts each)
1) A monopolist is deciding how to allocate output between two markets that are separated geographically. Demands for the two markets are P1 = 15 –Q1 and P2 = 25 – 2Q2. The monopolist’s TC is C = 5 + 3(Q1+Q2). What are price, output, profits, and MR if:
a) The monopolist can price discriminate?
b) The law forbids (prohibits) charging different prices in the two regions?
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