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Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1 on the graph, and market 2, denoted
Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1 on the graph, and market 2, denoted as M2. The rm's marginal and average costs are $20. $120 $110 $100 Quantity Instructions: Enter your answers as a whole number. a- What is the rm's prot in market 1? 515:! b. What is the firm's profit in market 2? SI$:I c. In which market is demand more elastic? (Click to soled) V
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