You are the manager ot'a monopoly that sells a product to two groups of consumers in different parts of the country. Analysts atyour firm have determined that group 1's elasticity of demand is -3, while group 2's is -5. Your marginal cost of producing the product is $40. Instructions: Enter your responses rounded to two decimal places. a. Determine your optimal markups and prices under third-degree price discrimination. Markup for group 'I: |:| Price for group 1: $ Markup for group 2: |:| Price for group 2: $ |:|