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Q: A firm has the possibility of charging different prices in its domestic and foreign...

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Q: A firm has the possibility of charging different prices in its domestic and foreign markets. The corresponding demand equations are given by Q1 = 300 - P: Q2 = 400 - 2P2 The total cost function is TC = 5000 + 1000 Where Q = Q1 + Q2 Find the maximum profit if there is no price discrimination between two markets A) $10,000 B) $35,000 C) $33,333 D) $8,333

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