is total output. For questions (a) through (c) below, suppose the firm can charge one price on market 1 and

another price on market 2. (a) What quantities will the price-discriminating monopolist sell in the two markets? (b) What price will it charge in each market? (c) What profit will the monopolist make? Next, suppose instead that the firm has to charge the same price on the two markets. (d) What price will the monopolist charge now? (e) What profit will the monopolist make?