Question: Please solve this problem in the EASIEST way possible. The answer to part A should be q1*=249 & q2*= 396 & p1*= 251 & p2*=

Please solve this problem in the EASIEST way possible. The answer to part A should be q1*=249 & q2*= 396 & p1*= 251 & p2*= 101 The answer to part B should be 131 The answer to part C should be $18,000

Please solve this problem in the EASIEST way possible. The answer to

Problem 1 Suppose a monopolist faces two markets with the following demand curves: Market 1: D, (p1) = 500 - P1 Market 2: D2 (P2) - 800 - 4p2 Let the marginal cost be $2 per unit in both markets. A) If the monopolist can price discriminate, what should be the prices p, and P2 and the production levels q, and q2 to maximize the monopolist's profit? B) What is the profit-maximizing price and quantity if the monopolist cannot price discriminate and instead charges the same price in each market? C) How much profit does the monopolist lose from not being able to price discriminate relative to the profit the monopolist would earn from being able to price discriminate

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