Answer to Question #72540 in Microeconomics for Una
Monopolist with a constant MC of 6, sells products in 2 separate markets.
Market 1: P1 = 24 - Q1
Market 2: P2 = 12 - 0.5Q2
(a) Calculate profit-maximizing price and quantity in these 2 market.
(b) Calculate monopolist's total profit
(c) Calculate DWL in market 1