A. A monopolist has a constant marginal cost of $2 per unit and no fixed costs. He faces separate markets in the United States and England. He can set one price p1 for the U.S. market and another price p2 for the English market. If demand in the United States is given by Q1 = 7,000 - 700p, and demand in England is given by Q2 = 1,200 - 200p2, then the price in the United States will O equal the price in England. be smaller than the price in England by $2. be larger than the price in England by $4. be larger than the price in England by $2. be smaller than the price in England by $4. B. A monopolist is able to practice third-degree price discrimination between two markets. The demand function in the first market is q = 500 2p and the demand function in the second market is q = 1,500 - 6p. To maximize his profits, he should charge a higher price in the second market than in the first. O charge a higher price in the first market than in the second. O charge the same price in both markets. O sell only in one of the two markets. None of the above