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A Monopolist Sells in Two Markets

question 3

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A monopolist sells in two markets.The demand curve for her product is given by p1 = 141 - 3x1 in the first market and p2 = 115 - 2x2 in the second market, where xi is the quantity sold in market i and pi is the price charged in market i.She has a constant marginal cost of production, c = 3, and no fixed costs.She can charge different prices in the two markets.What is the profit-maximizing combination of quantities for this monopolist?

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Definitions:

Individual Resistance

Individual resistance refers to the opposition or pushback from a person against proposed changes or new ideas, often due to personal discomfort or fear of the unknown.

Economic Reasons

Factors related to financial considerations, such as cost-effectiveness, profitability, and economic viability, influencing decisions or actions.

Power And Influence

The capacity to affect the behavior of others or the course of events, often through authority, persuasion, or leadership.

Organizational Value

The fundamental beliefs or principles that guide the behaviors and decision-making process within an organization, reflecting its identity and priorities.

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