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Question 4 {1|} marks} Suppose a menthgcnlj.T faces distinct demands in two separate markets (11 = 2:1 P1 and Q: = 24 2P2. Compute the

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Question 4 {1|} marks} Suppose a menthgcnlj.T faces distinct demands in two separate markets (11 = 2:1 P1 and Q: = 24 2P2. Compute the optimum output choices, prices and prots in the two markets if they are (i) th'scrirnjhator1,r and {ii} when arbitrage cannot be feasible. Work out the relative deadweight losses in the two markets. Assume a constant ME = E for this firm for both markets

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