In the market for somegood, there are two distinct market segments with inverse demand functions givenby:
P1[:01] =112Q1 P2[:02] =1BB 02 The monopolist sewing this market has constant marginal costs '10. Assuming that the monopolist can prevent resale, the data that this monopolist is able to acquire from its consumers' social media platforms allows it to divide them into the two groups with inverse demands given above. Hint: this is thirddegree price discrimination. What quantities and prices will the monopolist charge to each group? Quantity sold to group 1: D. Enter the quantity rounded to one decimal place and use it in subsequent calculations, including the price calculation. Price charged to group 1: . Enter the price rounded to one decimal place and use it in subsequent calculations. Quantity sold to group 2: D. Enter the quantity rounded to one decimal place and use it in subsequent calculations, including the price calculation. Price charged to group 2: . Enter the price rounded to one decimal place and use it in subsequent calculations. What is the consumer surplus for each of the two market segments? Consumer surplus for group 1: D. Enter your answer rounded to one decimal place and use it in subsequent calculations. Consumer surplus for group 2: D. Enter your answer rounded to one decimal place and use it in subsequent calculations. Betore social media became popular, the monopolist was unable to acquire enough data to price discriminate in this market. What are the protmaximizing price and quantity under the unitorm pricing model? Hint: you need to derive the market curve, which writ he piecewise. This is the topic of Discussion 4 (reieased at the start of Week 6). Equilibrium quantity: . Enter the quantityr rounded to one decimal place and use it in subsequent calculationsI including the price calculation. Equilibrium price: . Enter the price rounded to one decimal place and use it in subsequent calculations. What is the consumer surplus for the market under uniform pricing? Consumer surplus: :|. Enter your answer rounded to one decimal place and use it in subsequent calculations. 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? Assume that group size does not matter. Change in consumer surplus: I]. Enter your answer rounded to one decimal place. Include a negative sign if necessary. Hint: You shouid calculate CSfNonunitonn pricing]I CSfUhiiorm pricing}