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QUESTION 1 Suppose that monopolist's inverse demand on market 1 is given by P, = 100- x1, and monopolist's inverse demand on market 2 is

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QUESTION 1 Suppose that monopolist's inverse demand on market 1 is given by P, = 100- x1, and monopolist's inverse demand on market 2 is given by P2 = 50 - 0.5x2. Monopolist's cost function is c(x1 + x2) = 0.5(x1 + x2) . What is the level of output on market 1, x1, that will maximize monopolist's profit? QUESTION 2 Suppose that monopolist's inverse demand on market 1 is given by P, = 100 - x1, and monopolist's inverse demand on market 2 is given by P2 = 50 - 0.5x2 Monopolist's cost function is c(x1 + x2) = 0.5(x1 + x2)". What is the level of output on market 2, x2, that will maximize monopolist's profit

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