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can you help by drawing the appropriate points on the graph (attached) and then explain why it is that way... Injet is the only canadian producer of
can you help by drawing the appropriate points on the graph (attached) and then explain why it is that way...
Injet is the only canadian producer of a specific part for Feller-Bunchers (a logging machine). The Canadian government has provided such high tariff production to Injet that they have a monopoly in Canada. However, this part is sold internationally, and Injet is a price taker on the international market. In the figure below "Dd" is the domestic demand for Injet parts, and MR is the corresponding domestic marginal revenue. The horizontal line "Di" is the international demand curve for Injet's part. The "MC" curve is the marginal cost of Inject for producing its part.
On the graph, show what the domestic and international prices are. Also, show how many parts Inject sells in Canada and how many (if any) it sells internationally. Briefly Explain your answer.
