A copyright gave Universal Studios the legal monopoly to produce and sell the Mama Mia! DVD. The
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A copyright gave Universal Studios the legal monopoly to produce and sell the Mama Mia! DVD. The DVD sold for $20 in the United States and $36 (£22) in the United Kingdom. I estimate that the inverse demand functions for the United States and the United Kingdom were pA = 39 - 3QA and pB = 71 - 7QB, respectively.
The marginal cost in both countries was m = 1. Solve for Universal’s optimal quantities and prices.
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