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ii)     Write the expression of the price, p*, charged by the foreign firm in H, as a function of σ, s, c, τ, when trade is allowed.

Question

ii)

Write the expression of the price, p*, charged by the foreign firm in H, as a function of σ, s, c, τ, when trade is allowed.

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Solution

To derive the expression for the price p p^* charged by the foreign firm in country H as a function of σ \sigma , s s , c c , and τ \tau , we will follow these steps:

1. Break Down the Problem

We need to express the price in a way that incorporates the relevant parameters:

  • (
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This problem has been solved

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