Two consumers,1 and 2,of the same product have the following demand curves:
Q₁ = 500 - 10P and Q₂ = 500 - 20P.MC for the firm is $10.Calculate the prices when the firm discriminates between the two consumers.Is this a good strategy,or should the firm charge the same price to both of them?

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The Answer of Two consumers,1 and 2,of the same product have the following demand curves: Q₁ = 500 - 10P and Q₂ = 500 - 20P.MC for the firm is $10.Calculate the prices when the firm discriminates between the two consumers.Is this a good strategy,or should the firm charge the same price to both of them?

Two Consumers,1 and 2,of the Same Product Have the Following