A price-discriminating monopolist sells in two separate markets at pricesP1 andP2 (measured in ). The relevant demand and marginal revenue schedules are (for positive values of Q) P1 = 12??0.15Q1 P2 = 9??0.075Q2 MR1 = 12??0.3Q1 MR2 = 9??0.15Q2 It is assumed that output is allocated between the two markets according to the price discrimination revenue-maximizing criterion that MR1 = MR2. Derive a formula for the aggregate marginal revenue schedule which is the horizontal sum of MR1 and MR2.
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