[Q: 12-7157717] A patent gave Sony a legal monopoly to produce a robot dog called Aibo ("eye-BO"). When Sony started selling the toy in July 1999, it announced that it would sell 3,000 Aibo robots in...

Extracted text: [Q: 12-7157717] A patent gave Sony a legal monopoly to produce a robot dog called Aibo ("eye-BO"). When Sony started selling the toy in July 1999, it announced that it would sell 3,000 Aibo robots in Japan for about $2,000 each and a limited litter of 2,000 in the United States for $2,500 each. Suppose that Sony's marginal cost of producing Aibos is $500. Its inverse market demand curve in Japan is P; (Q) = 3500 – 0.5Qj. Its inverse market demand curve in the United States is P (Q) = 4500 – Q %3D a Solve for the equilibrium prices and quantities (assuming that U.S. customers cannot buy robots from Japan). The equilibrium quantity in Japan is and the price, P, is $. (round your answers to the nearest integer) j' and the price, Pa, is $. (round your answers to the nearest integer) The equilibrium quantity in the U.S. is Show how the profit-maximizing price ratio depends on the elasticities of demand in the two countries. 1+ 1/Ea 1+1/ Pj 2,000 2,500 1+1/e %D %3D 1+ 1/ Pa (enter the price elasticities at the profit-maximizing price and quantity for each country, rounded to two decimal places) What are the deadweight losses in each country? The deadweight loss in Japan is $million. (Enter your answer as a positive number, rounded to two decimal places) million. (Enter your answer as a positive number, rounded to two decimal places) The deadweight loss in the U.S. is $ Clear all Check