Illustrate what are the no-trade monopoly equilibrium price

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home country demand curve p=20-2Q, only 1 firm produces apples MC=$4 per kilo. Illustrate what are the no-trade monopoly equilibrium price and quantity of apples produced at home now, Trade with Foreign, same demand curve,only 1 firm produces apples MC=$4 per kilo.Also each firm in every country has to pay a transportation cost $1 per kilo to deliver its apples to the market abroad. In trade equilibrium, calculate the prices in both countries. How much each firm sells in the local market and exports abroad? Using answers above, show the reciprocal dumping is occuring.

Reference no: EM1350098

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