Consider a monopolist selling her output in two markets,A and B.The price elasticity of demand in market A is 1.5,while the same in market B is 2.5.Calculate the price charged in each market,if the marginal revenue [MR] from market A is 15 while the same from market B is 30.
A) PA = 200;PB = 169.89
B) PA = 500;PB = 208.29
C) PA = 105;PB = 108.39
D) PA = 405;PB = 138.89
Correct Answer:
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