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Unformatted text preview: 2 = 120 - Q 2 , where Q 2 is the quantity demanded and P 2 is the price paid by the second group. The monopoly's marginal cost is given by MC = 4/9 Q, where Q is the total output produced by the monopoly. a. How much does the monopoly supply in each market and what price does it charge? b. What is the common equilibrium value of marginal revenue and marginal cost?...
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This note was uploaded on 03/14/2012 for the course ECON 2243 taught by Professor Henryfors during the Spring '12 term at Abant İzzet Baysal University.
- Spring '12
- Price Discrimination