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Business, 09.03.2021 01:00 suttonfae336

A monopoly sells its good in the U. S. and Japanese markets. The American inverse demand function is ​, and the Japanese inverse demand function is ​, where both​ prices, pa and pj​, are measured in dollars. The​ firm's marginal cost of production is m​ = ​$ in both countries. If the firm can prevent​ resales, what price will it charge in both​ markets? ​(Hint​: The monopoly determines its optimal​ (monopoly) price in each country separately because customers cannot resell the​ good.)

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