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Suppose a monopolist sells electricity in two markets and the demand curves are P , = 3 - /2x , P2 = 2 - 12

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Suppose a monopolist sells electricity in two markets and the demand curves are P , = 3 - /2x , P2 = 2 - 12 X Z Q ) 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

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