Suppose the can segment their fans into young fans and senior citizens. Young fans have the demand curve P=120 - 10G (MR=120 - 20G). Senior citizens have the demand curve p=60 - 10G (MR=60 - 20G). Assume again that MC=0. What are the equilibrium price and quantity for young fans? What are the equilibrium price and quantity for senior citizens?

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To find the equilibrium price and quantity for young fans and senior citizens we need to set the mar... View the full answer