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A monopolist is deciding how to allocate output between two geographically separated markets(East Coast andMidwest). Demand and marginal revenue for the two marketsare: P1=15Q1MR1=152Q1 P2=352Q2MR2=354Q2

A monopolist is deciding how to allocate output between two geographically separated markets(East Coast andMidwest). Demand and marginal revenue for the two marketsare:

P1=15Q1MR1=152Q1

P2=352Q2MR2=354Q2

Themonopolist's total cost is C=5+5Q1+Q2.

What areprice, output,profits, marginalrevenues, and deadweight loss if the monopolist can pricediscriminate?(round all answers to two decimalplaces)

In market1, the price is $

10

10 and the quantity is

5

5.

In market2, the price is $

20

20 and the quantity is

7.5

7.5.

Themonopolist's profit is $

132.5

132.5 and the deadweight loss is $

68.75

68.75

What areprice, output,profits, marginalrevenues, and deadweight loss if the law prohibits charging different prices in the tworegions? (round all answers to two decimalplaces)

The market price is $__________, and the quantity in market 1 is __________ and the quantity in market 2 is ________The profit is $________and the deadweight loss is $___________

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