Ch11Q2

You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Analysts at yout $40. a. Determine your optimal markups and pices under third-degree price discimination Instructions: Enter vour responses tounded to two decimal places Markupforgroup t. Price for group 1:\$ Marbinintarnoun? Pice lorgroup 2 $ b. Which of the following are necessary conditions for third-degree price discrimination to enhance protits: Instructions: In order to recelve full credit, you must make a selection for each option. For correct answer(s), cick the box once to place a check mark. For incorrect answer(s), click twice to empty the box. We are able to prevent cesale between the groups. There ore tyo difierent groups with difletent (and identifoble) elesticites of demand At leat one group has elowicity of demond iess than one in abzolute value At iebte one group hos elosticy of cemand grenter than i in absolute velue