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Your firm faces the following demand schedule. You know that demand is different by age and, as it happens, can segment the total demand your

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Your firm faces the following demand schedule. You know that demand is different by age and, as it happens, can segment the total demand your firm faces into two age groups ("40 & above\" and "below 40\"). Assu me your MC 2 AC 2 $30 a. What is the optimal single price and quantity sold in the market should you choose not to 3rd degree price discriminate? b. What is the best pricing strategy (Le. what should you charge each group} and optimal quantity for each group should you choose to 3rd degree price discriminate? c. What is the difference in profits between a) and b)? Quantity Quantity Age 40 8: Below Above Age 40

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