profit maximization
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A firm produces a product at a fixed marginal cost of $2 and sells the product on two different markets. The demand on Market 1 is QA = 10 -P. The demand for Market 2 is QB = 20 - P. What price should Market 1 charge?
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This post reiterates profit maximization.
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For profit maximization in Market I, equate MC=MR and solve.
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