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3-) Suprose that a firm sells its product in two seperable markets. The demand equations are Q1 = 100 - P1 Q2 = 50 -0.25
Posted: Wed Apr 27, 2022 12:24 pm
by answerhappygod
- 3 Suprose That A Firm Sells Its Product In Two Seperable Markets The Demand Equations Are Q1 100 P1 Q2 50 0 25 1 (24.79 KiB) Viewed 47 times
3-) Suprose that a firm sells its product in two seperable markets. The demand equations are Q1 = 100 - P1 Q2 = 50 -0.25P2 The firm's total cost equation is TC = 150 + 5Q + 0.5Q2 a) If the firm engages in third - degree price discrimination, how much should it sell, and what price should it charge, in each market? b) What is the firm's total profit?