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3. Suppose that a price-discriminating monopolist has segregated its market into two groups of buyers. The first group described by the demand and revenue data that you developed for problem 2 (above). The demand and revenue data for the second group of buyers is shown in the accompanying table (below). Assume that MC is $13 in both markets and MC = ATC at all output levels. (a) What price will the firm charge in each market? (b) Based solely on these two prices, which market has the higher price elasticity of demand? (c) What will be this monopolist's total economic profit from both market? (d) On two separate graphs, show the equilibrium price, output and profits for this price-discriminating monopolist in each market. 10 pts. Quantity Total Marginal Price Demanded Revenue Revenue $71 $ 0 $63 63 63 47 55 110 34 48 144 YOUAWN-O 24 42 168 17 37 185 13 33 198 5 29 203

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