Business
Business, 30.04.2021 04:30, Leffew

A monopoly sells its good in the U. S. and Japanese markets. The American inverse demand function is ​, and the Japanese inverse demand function is ​, where both​ prices, pa and pj​, are measured in dollars. The​ firm's marginal cost of production is m​ = ​$ in both countries. If the firm can prevent​ resales, what price will it charge in both​ markets? ​(Hint​: The monopoly determines its optimal​ (monopoly) price in each country separately because customers cannot resell the​ good.) The equilibrium price in Japan is ​$ nothing. ​ (round your answer to the nearest​ penny)

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A monopoly sells its good in the U. S. and Japanese markets. The American inverse demand function is...

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