Consider an imperfectly competitive service provider, Muscat Automotive Repair Services (MARS), whose total cost of production is C = 30Q +0. 165Q2. Also, MARS faces two different market segments, A and B, whose demands can be linearly expressed as QA = 240 - PAand QB = 120 - 0.5PB. (Hint: the marginal cost is the slope of the total cost function). 5. What is the value of the consumer surplus for each group A and B, under this segmentation strategy? 6. Draw the situation described in (4) and (5) above, clearly showing each group's profit maximizing price and quantity, and the areas that correspond to their consumer surpluses. 7. Verify the inverse elasticity rule under each of the scenarios described (1) and (4) above. Consider an imperfectly competitive service provider, Muscat Automotive Repair Services (MARS), whose total cost of production is C = 30Q +0. 165Q2. Also, MARS faces two different market segments, A and B, whose demands can be linearly expressed as QA = 240 - PAand QB = 120 - 0.5PB. (Hint: the marginal cost is the slope of the total cost function). 5. What is the value of the consumer surplus for each group A and B, under this segmentation strategy? 6. Draw the situation described in (4) and (5) above, clearly showing each group's profit maximizing price and quantity, and the areas that correspond to their consumer surpluses. 7. Verify the inverse elasticity rule under each of the scenarios described (1) and (4) above