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Need help answering this. rst and Third Degree Price Discmfnadon 5. (30 points-5 each) A rm is able to price-discriminate between two groups of customers,

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rst and Third Degree Price Discmfnadon 5. (30 points-5 each) A rm is able to price-discriminate between two groups of customers, with inverse demands given by P1=30-.2Q1 and P2=10-.1Q2. Total costs are given by C(Q)=2Q where Q=Q1+Q2. (i) (ii) (iii) (1V) (V) (Vi) How much does the rm sell to each group. and at what price if it is able to price discriminate? Calculate prots under price discrimination Derive the market demand that would occur if the firm had to charge both consumer types the same price. Draw it labeling all intercepts and kink points. Derive the market marginal revenue that would occur if the rm had to charge both consumer types the same price. Draw it labeling all intercepts and kink points. At what quantity (quantities) does the market marginal revenue curve intersect the marginal cost curve? What is the prot maximizing price, quantity, and prot that would occur under no price discrimination? ls total surplus higher under price discrimination or a single pricing monopolist? Are type one (high demand) and type two (low demand) consumers better or worse off under price discrimination

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