Essay
A monopolist sells to two consumer groups,students and non-students.
Demand for students: Q = 500 - 1/2P
Demand for non-students: Q = 750 - 2P
MC = 20
Find the profit-maximizing price/quantity combination in each market if the groups can be separated.
Correct Answer:
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Students: P = 1000 - 2Q MR = 1...View Answer
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Correct Answer:
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