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1.A monopolist sell its product in two geographically divided markets, the North and the South. The constant marginal cost is $45 in both the markets.

1.A monopolist sell its product in two geographically divided markets, the North and the South. The constant marginal cost is $45 in both the markets. The inverse demand and marginal revenue in each market are as follow:

= 720 - 2,= 720 - 4

= 950 -,= 950 - 2

a.Find the profit- maximizing price and quantity in each market.

b.In which market is demand more elastic.

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