Price Total Suppose that a price-discriminating monopolist has segregated its market into two groups of buyers, as shown by the following tables. a Calculate the missing TR and MR amounts for Group 1. Instructions: Enter your answers rounded to two decimal places. If you are entering any negative numbers be sure to include a negative sign in front of those numbers. Group 1 Group 2 Quantity Marginal Price Quantity Total Marginal Demanded Ravenue Revenue Domanded Revenue Revenue $115 0 $ 0.00 100 100.00 83 2 $ 108.00 71 3 $ 213.00 $71 0 SO $ 252.00 63 1 63 $83 55 5 5 275.00 55 2 110 47 48 3 144 34 42 7 5 294.00 42 4 168 24 37 5 298.00 37 5 17 33 5 297.00 6 198 13 29 S 200.00 29 7 203 6 1 63 4 45 5 185 10 Instructions: Enter your answers as a whole number b. Assume that MC is $13 in both markets and MCATC at all output levels. What price will the firm charge in each market? Group 1 units will be produced at a price of $ Instructions: Enter your answers as a whole number b. Assume that MC is $13 in both markets and MC HATC at all output levels. What price will the firm charge in each market? Group units will be produced at a price of $ Group 2: units will be produced at a price of c. Based solely on these two prices, which market has the higher price elasticity of demand? The first market has the higher price elasticity of demand. The second market has the higher price elasticity of demand. d. What will be this monopolists total economic profit