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clear handwriting please. Question 1 A monopolist sells Soma at the same price into two different markets. The demand for Soma in market #1 is

clear handwriting please.

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Question 1 A monopolist sells Soma at the same price into two different markets. The demand for Soma in market #1 is denoted D1 (p) = 30 2p where p is the unit price. The demand for Soma in market #2 is given by D2(p) = 80 3p. Assume the monopolist's cost function is C(q) = cq where (1 represents the quantity produced. 1. If c = 2, what is the prot maximizing price for the monopolist Io charge? 2. What is the elasticity of total demand at the price computed in part (1)? 3. Now let c = 0, that is, assume the monopolist faces zero production costs. What is the optimal price for the monopolist to charge now? 4. What is the elasticity of demand at the price computed in part (3)? 5. If c = 1.5 compute the optimal price for the monopolist to charge using the markup formula

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