Question: Please help with this practice question. This is the full question. A lip balm manufacturer is looking to sell their product in both the U.S.
Please help with this practice question. This is the full question.

A lip balm manufacturer is looking to sell their product in both the U.S. and in Europe. The demand in the U.S. is given by PUS = 25 3Q and the demand in Europe is given by PEU : 15 7 Q. The marginal cost is the same in both markets and is constant at MC 2 $1. lfthe manufacturer can price discriminate they should 0 only sell the good in the U.S. 0 only sell the good in Europe 0 charge a higher price in the U.S. than in Europe 0 charge a higher price in Europe than in the U.S. 0 charge the same price in both markets because they have the same MC
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