Business, 16.04.2021 01:00, janeou17xn

Finally, assume that the owner of the shop is new in town and so she is not able to distinguish among the two groups; she can only set a single price for everyone. Compute the total market demand the supplier is facing (quantity as function of the price; remember, here the two different groups have different price intercepts). Then, compute the marginal revenue as function of the total quantity and the optimal quantity and price set by the monopolist. Are customers from both groups buying the goods

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Finally, assume that the owner of the shop is new in town and so she is not able to distinguish amon...