Price Discrimination Captain Video is a firm that sells used videos to three different groups: college students, senior citizens, and yuppies. Demand schedules for each of these groups are given in the tables below. Complete these tables and use the information to answer the following questions. Marginal cost equals $14 and is constant at all levels of output. College Students Senior Citizens Yuppies P TR MR P TR MR P TR MR $28 $0 XXX $19 XXXX $35 $0 XXXX 26 18 32 24 17 29 22 16 26 20 15 N 18 14 20 16 13 14 12 14 12 11 8 12 10 10 9 Assuming that the firm maximizes profit, and that the conditions are right to price discriminate, what price (in dollars) would be charged to: 19. college students? 20. senior citizens? 21. yuppies? What is the profit maximizing quantity that will be sold to: 22. College Students? 23. Senior citizens? 24. Yuppies? 25. Which of the following is one of the three requirements that must be met for a monopolist to be able to price discriminate? (Market must be competitive, Buyers must have the ability to resell the product, The firm must have market power, Demand must be elastic)