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In comparison with a simple monopolist, would a monopolist practicing two-part pricing necessarily produce more output? Explain your answer and illustrate with an appropriate diagram (if relevant). (4 marks) Suppose that the town's only cinema discovers that the senior citizens who frequent the cinema have a constant elasticity of -3, and that the other customers have a constant elasticity of-2. If the marginal cost per customer is $2 per film (or movie), how much should this profit-maximising cinema should charge members of each group of customers? (4 marks)