Essay
A firm manufactures a product that is sold on two different markets (A and B) that have the following demand and joint marginal cost functions:QA = 400 - PAQB = 120 - PBMC = 20 +QWhat prices in each market should the firm charge to maximize profits assuming that the markets are separate and the firm can engage in price discrimination?
Correct Answer:
Verified
Correct Answer:
Verified
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