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You are a manager of a monopoly that sells a product to 2 groups of consumers in different parts of the country. Group 1's elasticity

You are a manager of a monopoly that sells a product to 2 groups of consumers in different parts of the country. Group 1's elasticity of demand is -6, while group 2's is -2. Your marginal cost of producing the product is $80. Determine your optimal markup and prices under 3rd degree price discrimination.

Markup for group 1:

Price for group 1:

Markup for group 2:

Price for group 2:

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