Econ 444 - Study guides, Class notes & Summaries
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combined sets ECON 444 - Problem Set 1-6 questions and answers 2022-2023 Pennsylvania State University
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combined sets ECON 444 - Problem Set 1-6 questions and answers 2022-2023 Pennsylvania State University
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ECON 444 Homework 7 Problem Set 7 Answers (Penn State University)
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ECON 444 Homework 7 Problem Set 7 Answers (Penn State University)
Problem 1. TomsonBook is the monopoly publisher which produces the textbook “Corporate Economics.” TomsonBook sells in two separate markets, domestic market and international market. The inverse demand function in domestic market is

pD =500−qD while the inverse function in international market is

pI =400−qI.

The firm’s total cost function is
c(qD qI)=(qD qI)2.

The firm is able to price discriminate between the two ...
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