What price should the monopolist charge

Reference no: EM13192738

a monopolist has marginal costs MC(Q)=2Q where Q is the total output (thus MC should be rewritten MC(q)=2(q1 + q2). The monopolis can sell the output on two seperate markets, which are protected from resale of goods. the Demand in these 2 markets are such:

Market 1 P1(q1) = 52 - 68q1
Market 2 P2(q2) = 58 -24q2

How much does the firm sell in each market? What price should the monopolist charge? In equiibrium, what is the price elasticity of demand in each market?

Reference no: EM13192738

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