Question Suppose a monopolist sells electricity in two markets and the demand curves are P. = 3

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Question Suppose a monopolist sells electricity in two markets and the demand curves are P. = 3 - /2X , C = 2' /3 + (x1+/2 ) P2 = 2 - Y2 X 2 2) Find profit maximising price in each market b) Find elasticities of demand Hint price discrimination. ( ) What will happen to output if there were a single price ? Answer . FIVE STAR

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Question Suppose a monopolist sells electricity in two markets and the demand curves are P. = 3

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