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Consider a monopolist facing the following demand and cost curves. P = 50 - 2Q C = 25+10Q (Hint:
Consider a monopolist facing the following demand and cost curves. C = 25+10Q(Hint: Total demand at any point P will be the summation of two quantities)Suppose the firm is able to separate its customers in two distinct markets with the following demand functions. P2 = 90 - 10Q2From the above equation calculate the following:i)Total demand ii)Marginal Revenue iii)Marginal Cost