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Suppose a monopolist is practicing price discrimination in the sale of a product by charging different prices in two separate markets. Suppose the demand curves

Suppose a monopolist is practicing price discrimination in the sale of a product by charging different prices in two separate markets. Suppose the demand curves are

P1=300- Q1 P2=250-Q2

and you are informed that the cost function is . TC= 6(Q1+Q2)

(a)How much should be sold in the two markets to maximize profits?

(b)What are the prices charged?

(c)How much profit is lost if price discrimination is made illegal?

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