Suppose the can segment their fans into young fans and senior citizens. Young fans have the demand
Question:
Suppose the can segment their fans into young fans and senior citizens. Young fans have the demand curve 120 — 10G (MR = 120 — 20G). Senior citizens have the demand curve p = 60 — 10G (MR = 60 — 20G). Assume again that MC = 0. What are the equilibrium price and quantity for young fans? What are the equilibrium price and quantity for senior citizens?
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To find the equilibrium price and quantity for both young fans and senior citizens we need to set ...View the full answer
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