3- Faced with two distinct demand functions Q_{1} = 24 - 0.2P Q_{2} = 10 - 0.05P_{2} Where TC = 35 + 40Q what price will the firm charge (a) with discrimination (b) without discrimination
3- Faced with two distinct demand functions Q_{1} = 24 - 0.2P Q_{2} = 10 - 0.05P_{2} Where TC = 35 + 40Q what price will the firm charge (a) with discrimination (b) without discrimination
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter10: Price-searcher Markets With Low Entry Barriers
Section: Chapter Questions
Problem 7CQ
Question
3- Faced with two distinct demand functions Q_{1} = 24 - 0.2P Q_{2} = 10 - 0.05P_{2}
Where TC = 35 + 40Q what price will the firm charge (a) with discrimination (b) without discrimination
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