A monopolist is deciding how to allocate output between two geographically separated markets(East Coast andMidwest). Demand and marginal revenue for
Question

# A monopolist is deciding how to allocate output between two geographically

separated markets​ (East Coast and​ Midwest). Demand and marginal revenue for the two markets​ are:
P1=15−Q1                MR1=15−2Q1
P2=35−2Q2        MR2=35−4Q2
The​ monopolist's total cost is C=5+5Q1+Q2.
What are​ price, output,​ profits, marginal​ revenues, and deadweight loss if the monopolist can price​ discriminate?  ​(round all answers to two decimal​ places)
In market​ 1, the price is ​\$
10

10 and the quantity is
5

5.
In market​ 2, the price is ​\$
20

20 and the quantity is
7.5

7.5.
The​ monopolist's profit is ​\$
132.5

132.5 and the deadweight loss is ​\$
68.75

68.75
What are​ price, output,​ profits, marginal​ revenues, and deadweight loss if the law prohibits charging different prices in the two​ regions? ​ (round all answers to two decimal​ places)
The market price is ​\$__________​, and the quantity in market 1 is __________ and the quantity in market 2 is ________The profit is ​\$________and the deadweight loss is ​\$___________

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