Econ 444 - Study guides, Class notes & Summaries

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ECON 444 Homework 7 Problem Set 7 Answers (Penn State University)
  • ECON 444 Homework 7 Problem Set 7 Answers (Penn State University)

  • Exam (elaborations) • 9 pages • 2020
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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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