A monopolist sells in two markets. The inverse demand curves in the two markets are, respectively, p1 = 306-592. The monopolist has no fixed costs and a constant marginal cost of 6. The profit maximising quantities are: 122 29₁ and P2 = O O 91 = 39 and q2 = 28 29 and 92 91 91 = 91 91 = 58 and q2 = 32 = = 50 and 92 49 and 92 = = 30 = = = 29 = = 40

A monopolist sells in two markets. The inverse demand curves in the two markets are, respectively, p1 = 306-592. The monopolist has no fixed costs and a constant marginal cost of 6. The profit maximising quantities are: 122 29₁ and P2 = O O 91 = 39 and q2 = 28 29 and 92 91 91 = 91 91 = 58 and q2 = 32 = = 50 and 92 49 and 92 = = 30 = = = 29 = = 40

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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