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6-QB B A price discriminating monopoly is deciding to sell its product in two different markets A and B. The monopoly faces a constant marginal
6-QB B A price discriminating monopoly is deciding to sell its product in two different markets A and B. The monopoly faces a constant marginal cost of 1. The demand curve in market A is given by Pa = 5 - Q,213 while the demand curve in market B is given by P 3/4 (a) Find the profit maximising quantities, prices and total profits in each market. Show all the steps of your calculations. (b) Based on your answers to (a), in which market is the price-elasticity of demand higher
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