Multiple Choice
Say a monopolist sells in two separate markets, with demand PA = 100 - 2Q and PB = 50 - Q respectively. Marginal costs in both markets are constant and equal to 8. The monopolist would charge a price of _______ in market B in order to maximize profits.
A) 29
B) 21
C) 8
D) 0
Correct Answer:
Verified
Correct Answer:
Verified
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