A monopolist faces demand from two groups of consumers. Demand from class $1$ is given by: Q$\_1=28-2$ P Demand from class $2$ is given by: Q$\_2=20-(1/3)$ P A monopolist has costs given by: TC$=5+2$ Q$+0\mathrm{.}5$ Q$^2$ The firm is able to price discriminate between the two markets. a$)$ Which group do you expect will pay a higher price under $3$rd degree price discrimination? b$)$ What quantities will the monopolist sell in the two markets? c$)$ What price will the monopolist charge in each market? d$)$ Which class generates the highest revenue for the monopolist? How much is it$?$