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A monopolist sells beer in two separate markets

Marketing

A monopolist sells beer in two separate markets. They must decide how much to sell in each market in order to maximize their total profits.

The demand in the Canadian Market is:

The demand in the United States Market is:

Total cost is:

A. Calculate the price and quantity if the monopolist maximized their profit and sells in both markets.

B. Calculate the profit if the monopolist maximized their profit and sells in both markets.

C. In the absence of 3rd-degree price discrimination, and given the firm must sell at the same price in both markets, what is the price, quantity, and total profit?

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