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The following shows the demands and marginal revenue in two markets (Dl and MRI: and D2 and N'IR2) for a price discriminating firm along

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The following shows the demands and marginal revenue in two markets (Dl and MRI: and D2 and N'IR2) for a price discriminating firm along with total demand: DT, marginal revenue, NIR T: and marginal cost MC MRI 100 200 300 400 MRI 500 600 700 800 MR2 900 1000 MRT 1100 1200 1300 1400 As with the PPT slides: you can view the data generating these for reference, Dl = 700 0.2Q D2 = 0.2Q MRT = 620 - o_2Q DT = 620 - MC = 0 0006QA2 -0 + 279 a. Compare the demand conditions in each i.e. how do the two markets differ in their demand for the firm' s product? How much total output should the finn produce (for both markets combined)? How should that output be allocated between markets 1 and 2? What price should the firm charge in each market?

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