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Question 1: Second-degree price discrimination (5 points) A monopolist can sell its products to two consumers. Both consumers have a linear demand. Type H has

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Question 1: Second-degree price discrimination (5 points) A monopolist can sell its products to two consumers. Both consumers have a linear demand. Type H has a high inverse demand: PH = 10 QH. Type L has a 'low' inverse demand: PL = 8 Q L. What are the two contracts (qL, 151;) and ((13, t3) that the monopolist has to o'er to consumers in order to conduct second-degree price discrimination

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