# Answer to Question #59974 in Microeconomics for Belal Abdo

Question #59974

Justo & Company use third-degree price discrimination in selling its product. The demand

equations for the two markets are as follows:

Market 1 P1 = 2.46 - 0.2Q1

Market 2 P2 = 4.54 - 0.8Q2

The marginal cost is $1.20

a. Determine the profit maximizing price and quantity in each market.

equations for the two markets are as follows:

Market 1 P1 = 2.46 - 0.2Q1

Market 2 P2 = 4.54 - 0.8Q2

The marginal cost is $1.20

a. Determine the profit maximizing price and quantity in each market.

Expert's answer

## Comments

## Leave a comment