Suppose that a MiniChirp is a monopoly microchip manufacturer who faces the following de- mand curves for its product in two different countries: Australia (A) and New Zealand (NZ). Australia: QA 400 - PA, = 1 New Zealand: QNZ = 150 - PNZ where p; and Qi denote the price and quantity sold in country i respectively. Pi MiniChirp's cost function is given by c(Q) = 0.25(QA+QNZ)². Assume that resale between countries is not possible and that MiniChirp is a profit maximiser.

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