7. A monopolist is operating in two separate markets. The inverse demand functions for the two markets are P1 =34 Q; and P2 = 14 0.5 Q,. The monopolist's total cost function is TC(Q) = 10 + 4(Q1 + Qz). The monopolist can price discriminate. What kind of price discrimination is relevant here? What is the profit-maximizing price in each market? What is the monopolist's profit? 8. Suppose that the monopolist from Question 7 is now forced to charge the same price in both markets. How much profit does the monopoly stand to lose