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A monopolist sells a product in three countries. The demand Q as a function of price P in each country is Q1 = 45 -
A monopolist sells a product in three countries. The demand Q as a function of price P in each country is Q1 = 45 - 1/2 p1, Q2 = 50 - 1/3 p2, and Q3 = 75 -1/4 p3. Suppose the total cost for the monopolist is TC = 30 +(Q1 + Q2 + Q3)^2. If the monopolist's profit function is =TR - TC where TR = P1Q1 + P2Q2 + P3Q3 then find the profit maximizing demand and the associated total revenue.
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