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Please answer questions 12 through 14. westion 12 Use the following to answer questions 12-14: ot yet nswered A monopolist faces two consumer groups: old

Please answer questions 12 through 14.

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westion 12 Use the following to answer questions 12-14: ot yet nswered A monopolist faces two consumer groups: old and young. The demand of old oints out of clients for the output of the monopolist is P. = 8-0.50. The demand of young Q0 clients for the output of the monopolist is Py = 10-Q. The cost is C(Q) - 2Q. If Flag the monopolist can price discriminate between the two groups (i.e., charge a westion different uniform price to each group) 12 what price will old and clients be charged Select one: O a. O

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