Essay
A firm manufactures a product that is sold on two different markets (A and B) that have the following demand functions:QA = 200 - 2PAQB = 240 - 2PBThe firm has the following marginal cost function:MC = 20 + 2QIf the firm is engaging in price discrimination, how many units should be sold in each market to maximize profits? What prices should the firm charge in each market?
Correct Answer:
Verified
Correct Answer:
Verified
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