Your company just became international by offering its products in both the United States and Canada. Experts in your analytics department believe that tastes for your product differ in those two countries, and have carefully collected data on prices and quantity demanded in both countries. They then present you with the results of two regressions, one for each country, as follows:

Assume you have adequate statistical significance for both inverse demand curves, and suppose your marginal costs are $20. What is the profit maximizing price you should charge in each country?

United States: $

Canada: $

Log Price regressed on Log Quantity (United States): Log Price regressed on Log Quantity (Canada): Log Price regressed on Log Quantity (United States): Log Price regressed on Log Quantity (Canada)