A firm can sell its products in two countries. Quantity demanded in the first country is given by?
and in the second country
𝑄 = 99 − 𝑃
The firm’s total output is q+Q which it can produce at a total cost (TC) of
𝑇𝐶 = 50𝑞 + 50𝑄 + 𝑞𝑄 + 0.5𝑞^2 + 0.5𝑄^2
(i) the prices and outputs in each country that maximise profits