Question: Now suppose the monopolist in Problem 2 also has access to a foreign market in which he can sell whatever quantity he chooses at a

Now suppose the monopolist in Problem 2 also has access to a foreign market in which he can sell whatever quantity he chooses at a constant price of 60. How much will he sell in the foreign market? What will his new quantity and price be in the original market?

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MR should be equal in both markets Since the price is fixed at 60 in the foreign mark... View full answer

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