Business, 31.05.2020 01:58 hannahboohoo120
Consider monopoly firm that produces diamonds. this firm sells in two different markets, one is completel sealed off from the other. the inverse demand curve for the firms produc in the first market (market 1) is p=16-0.5. The inverse demand curve in the second market (market 2) is p=26-0.5q. The cost function is c(q)= 10a. the government imposes a unit tax t=1 on quantity sold in each market and the firm can charge different uniform prices in different markets. what price should the firm charge in each market to maximize profits
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Consider monopoly firm that produces diamonds. this firm sells in two different markets, one is comp...
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