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Refer to the Following Figure

Question 50

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Refer to the following figure:
Refer to the following figure:     The graph shows the demands and marginal revenue in two markets, 1 and 2, for a price discriminating firm along with total marginal revenue, MR<sub>T</sub>, and marginal cost. -What price should the firm charge in each market? A)  P<sub>1</sub> = $20, P<sub>2</sub> = $32.50 B)  P<sub>1</sub> = $35, P<sub>2</sub> = $22.50 C)  P<sub>1</sub> = $20, P<sub>2</sub> = $20 D)  P<sub>1</sub> = $27.50, P<sub>2</sub> = $35 E)  Impossible to say because market demand is not given
The graph shows the demands and marginal revenue in two markets, 1 and 2, for a price discriminating firm along with total marginal revenue, MRT, and marginal cost.
-What price should the firm charge in each market?


A) P1 = $20, P2 = $32.50
B) P1 = $35, P2 = $22.50
C) P1 = $20, P2 = $20
D) P1 = $27.50, P2 = $35
E) Impossible to say because market demand is not given

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