In: Economics
Suppose a technology company developed a pair of very fashionable Augmented Reality eyeglasses. The firm has a marginal cost of $700 for each pair of glasses produced. A restriction prohibits the firm from setting different prices in France and Italy. The two countries have the following inverse demands: Pfrance = 4200 - 1/3QFrance Pitaly = 5595 - 3/2Qitaly What is Qpooled?\