1. A monopolist sells its product in two markets, A and B, where it faces the demand functions as: XA = a - bPA and X3 = c - dPB, respectively such that b, d >0, each. The cost function is: C (X) = f + X2 a. Derive the equation for the total demand function: X = f (P) where X and P are market quantity and price. Obtain the marginal revenue function in the market for the monopolist. c. If the monopolist sold the product at a single price, what will be the price and quantity equations? d. If the monopolist sold the product at different prices in each market, how will it allocate the quantities in each market, what will be the price in each market