Answered

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A monopolist can sell a product in three different countries. The demand in each market
is
Q1 = 45 – (1/2)P1; Q2 = 50 – (1/3)P2 ; and Q3 = 75 – (1/4)P3 . The cost function for the
monopolist is C = 30 + Q2 where Q = Q1 + Q2 + Q3. Find the profit maximizing output
in each country

Sagot :

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