A monopolistic firm sells into two markets. The two inverse demand curves are p, = 12 - 9, and p, = 12 -292. Assume that the firm cannot charge different prices in the two markets. Then its total revenue will beO a. (24 - 3P)PОв. 48-3Q2Oc (12 - P)3,Od (24-3Q)Q

Monopoly refers to a market structure where there is only one firm selling a unique product and…

A monopolistic firm sells into two markets. The two inverse demand curves are p, = 12 - q, and p, = 12-29,. Assume that the firm cannot charge different prices in the two markets. Then its total revenue will be Oa (24- 3P)P Оь. 48- 3Q Oc (12 - P)3, O d.(24- 3Q)Q

A monopolistic firm sells into two markets. The two inverse demand curves are p, = 12 - q, and p, = 12-29,. Assume that the firm cannot charge different prices in the two markets. Then its total revenue will be Oa (24- 3P)P Оь. 48- 3Q Oc (12 - P)3, O d.(24- 3Q)Q

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A monopolistic firm sells into two markets. The two inverse demand curves are p, = 12 - 9, and p, = 12 -292. Assume that the firm cannot charge different prices in the two markets. Then its total revenue will be
O a. (24 - 3P)P
Ов. 48-3Q
2
Oc (12 - P)3,
Od (24-3Q)Q

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