Suppose the can segment their fans into young fans and senior citizens. Young fans have the demand
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Suppose the can segment their fans into young fans and senior citizens. Young fans have the demand curve P=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?
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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