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Equilibrium for a discriminating monopolist out to maximise profits involves the following relationship between marginal revenues MR1 and MR2 in the two different markets and MC, the marginal cost for output as a whole

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Microeconomics is a branch of economics that analyzes market behavior of individuals and firms in order to understand their decision-making processes.


Equilibrium for a discriminating monopolist out to maximise profits involves the following relationship between marginal revenues MR1 and MR2 in the two different markets and MC, the marginal cost for output as a whole






 
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