o In equilibrium, what is the monopolistâ€™s elasticity of demand in each of the two marâ€” kets? (4 points) |â‚¬1(Qiâ€˜)l = |â‚¬2(Â¢JÂ§)l = 0 Circle the correct choice: Comparing your answers to (b) and (d), this ï¬rm charges a higher price in the market in which its demand curve is more (elastic / inelastic). (2 points)
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4. Imagine a textbook company has a monopoly over a textbook in both the U.S. and India. If they can price discriminate by charging a separate price in each of the two markets (each country prohibits importation from the other market), find the optimal quantities and prices they would charge in those markets. The firmâ€™s cost function is C(q1+q2) = C(q) = 2q^2+30. In the U.S. (which weâ€™ll call Market 1), the inverse demand function is p(q1) = 1296
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