Question 3 Health},r Pharmaceutical Ehd. supplies medicines to private and government clinics. The company estimated the demand in each market to he as follows: Government clinics: P5 = EDD [1qu Private clinics: P]: = 22G 2:2,, The price is RIVI per bottle [round up to 2 decimal points only) and the quantity is in bottles. The total cost of producing the medicine is To = 25cc + 40:: and Q 2 Qt: + Q; i. If the company practices thirddegree price discrimination, determine the price and quantityr it should charge and supply in each market segment. [3 marks] ii. Find the price elasticity of demand at the equilibrium price of each market and draw your conclusion (round up to 1 decimal point only}. [6 marks] iii. Determine the price that the rm should charge if the company is practising uniform pricing. [4 marks] iv. Should the rm practise price discrimination? Justify your answer. [7" marks]