Find prices and output level for firm to maximize profits, Microeconomics

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Find prices and output level for firm to maximize profits

Suppose a monopolist faces two demand schedules P1= 72 - Q1 and P2 = 36 - Q2/2. Assume TC = 16Q. Determine the prices and output level for each firm that maximizes profits.

a. Must charge the same price in both markets?
b. Can charge different prices in both markets?
c. Must charge the same price in both markets but TC = 28Q.

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Microeconomics: Find prices and output level for firm to maximize profits

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Microeconomics: Find prices and output level for firm to maximize profits

Reference No:- TGS067965

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Recent Questions Asked Microeconomics

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Microeconomics: Find prices and output level for firm to maximize profits

Reference No:- TGS067965

Recent Questions Asked Microeconomics

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