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.

Please help with this practice question. This is the full question. A

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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