Question;A monopolist sells in two geographically divided markets, the East and the West. Marginal cost isconstant at $50 in both markets. Demand and marginal revenue in each market are as follows:QE = 900 - 2PEMRE = 450 - QEQW = 700 - PWMRW = 700 - 2QWa. Find the profit-maximizing price and quantity in each market.b. In which market is demand more elastic?
Paper#56190 | Written in 18-Jul-2015Price : $21