1. Find the optimal output and price for each market. 2. Compute the total profit. 3. Show that you obtain the same results using the markup rule.

2 Problem 2 Consider a monopolist selling in two markets. The demands in markets 1 and 2 are given by (1'1 = 300 - 2131 (3-3 = 620 43:2. Marginal cost is constant and given by MC = 40. There are no fixed costs. 1. Find the optimal output and price for each market. 2. Compute the total prot. 3. Show that you obtain the same results using the markup role