Our market consist of two segments

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We are opening a winter lodge. our market consist of two segments: locals and visitors. to service each customer, there is a MC of $10. marginal cost is equal to average cost. the demand curve for visitors is Q=500- 10 P, and for locals, it is Q=500-20P. A. Determine the equilibrium P and Q for each market segment and the total profit in each segment.

Reference no: EM131109892

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