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(20) Answer the following questions about some non-price-taking rms' prot maxi- mization problems. (a) (10) A rice grower sells its rice in two markets, the

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(20) Answer the following questions about some non-price-taking rms' prot maxi- mization problems. (a) (10) A rice grower sells its rice in two markets, the United States and Japan, and its marginal costs of production is M C = a > 0. The rm's price elasticity of demand in the United States is -2.01 and its price elasticity of demand in Japan is -1.5. Assuming that the rice grower is able to sell its rice at diiferent prices in different countries, which country's consumers will pay a higher price? Find this price difference. (b) (10) A prot-maximizing rm faces a demand curve q = {113" (a > 0, b

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