Question: For a profit maximizing monopolist, given two demand functions for two different markets D 1 ( p ) = 160 p and D 2 (
For a profit maximizing monopolist, given two demand functions for two different markets
D1(p)=160p and D2(p)=1602p , and given a cost function C(p)=5q+21q2
Find the profit maximizing price, the total profit and the set of goods sold, given that the monopolist is forced to sell at the same price in both markets.
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