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(4 points) Scenario: Tobac Co. is a monopolist in cigarette market in Nicotiana Republic, where the U.S. dollar is used as the official currency. The
(4 points)Scenario: Tobac Co. is a monopolist in cigarette market in Nicotiana Republic, where the U.S. dollar is used as the official currency. The firm has a constant marginal cost of $2.00 per pack and the fixed cost is $20 million. Through market research, the firm has found that there are two types of customer, Type 1 and Type 2. The demand curves of the two types of customers, and the total market demand curve, along with respective marginal revenue curves, are shown in the following figure.
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/6674eea6b6ff1_3026674eea68d5db.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/6674eea72f5af_3036674eea704c15.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/6674eea79d65b_3036674eea76cd1b.jpg)
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