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1.A monopoly sells its goods in the U.S. and Japanese markets. The American inverse demand function is: pA = 140 3QA and the Japanese inverse
1.A monopoly sells its goods in the U.S. and Japanese markets. The American inverse demand function is:
pA = 140 3QA
and the Japanese inverse demand function is:
pJ = 100 2QJ
Assume that the firm's marginal cost of production is m = 50 in both countries. If the firm can prevent resale, what price will it charge and how much will it sell in each market.
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