Business
Business, 08.11.2019 05:31, anondriap

Amonopolist sells in two different markets and charges the same price of $10 in both markets. in market a, the demand curve is described by qd = 50 – 2p. in market b, the demand curve is described by qd = 60 – p. if the monopolist lowers prices by $1 in the market with the more elastic demand and raises prices by $1 in the market with the more inelastic demand curve, by how much does its total revenue change? a) $27 b) $459 c) $767 d) $308

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Amonopolist sells in two different markets and charges the same price of $10 in both markets. in mar...

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