3. [6 points] Suppose that a monopolist with constant marginal cost serves two markets. Market 1 has demand elasticity s1 = -; at all price and quantity combinations. Market 2 has demand elasticity 62 = -4 at all price and quantity combinations. The monopolist's profit-maximizing uniform price is p = 5, and it sells q1 = 500 and 92 = 500 units in Markets 1 and 2, respectively, at this price. What would the price be under perfect competition