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Suppose a monopolist sells in two separate markets, with demand curves given by and , respectively. and are the price and quantity demanded in the first market, and and are the price and quantity demanded in the second market. The monopolist total cost curve is given by +. The associated marginal cost curve is . In the second market, the monopolist charges price of __________ and sells __________ quantities.
A. $10; 6
B. $25; 8
C. $16; 20
D. $14; 2
What are the most important things you learned or outcomes gained from this assignment? (You can say something with gaining insight and more information from my mentor to become a management professor in the near future).
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