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In the market for some good, there are two distinct consumer groups with inverse demand functions given by: P1011) =234Q1 P2012) = 35102 The monopolist

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In the market for some good, there are two distinct consumer groups with inverse demand functions given by: P1011) =234Q1 P2012) = 35102 The monopolist serving this market has constant marginal costs 1i]. Before social media became popular, the monopolist was unable to acquire enough data to price discriminate in this market. What are the prot-maximizing price and quantity under the unitonrr pricing model? Equilibrium quantity: El Equilibrium price: D Assuming that the monopolist can prevent resale, the data that the monopolist is able to acquire from its consumers' social media plattorms allows it to divide them into the two groups with inverse demands given above. What prices will the monopolist charge to each group? Price charged to group 1: Price charged to group 2: What is the impact of price discrimination on the consumers in this market? In other words, what is the change in consumer surplus when going from the singleprice monopolist to the discriminating monopolist? Do not round intermediate values and submit your answer rounded to two digits. Assume that group size does not matter. Change in consumer surplus: :l

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