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What will be this monopolist's total economic profit in these two markets? 5 marks This is also part of it so please answer this as

What will be this monopolist's total economic profit in these two markets? 5 marks This is also part of it so please answer this as well.Please answer the questions step by step with an explanation and organize it properly. Make a chart if you have to. Use the equation with the right numbers and help me please.

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Q6 Suppose that an unregulated price-discriminating monopolist has segregated its market into two groups of buyers as shown in the tables below for Market-1 and Market-2. Assume that MC is $13 in both markets and MC = AC at all output levels. Buyers in Market-1: $71 63 55 48 12 37 33 29 Buyers in Market-2: Quantity | Total Marginal ACTC MC Price Demanded Revenue Revenue $115 0 100 100 83 160 71 213 53 252 55 275 48 288 42 294 . Complete the tables. 10 marks . What price will the firm charge in each market? Why? 2 marks Price in Market-1 Price in Market -2 . Based solely on these two prices, which market has the higher price elasticity of demand? Why? 3 marks

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